Delta Air Lines reported second-quarter 2018 profits of $1.025 billion on $11.775 billion in operating revenue.
Even though revenues are up, profits are actually $161 million lower than the same period in 2017.
Much of this can be attributed to the increase in fuel prices.
The increase in costs for airlines could be passed on to consumers.
The price of crude oil has skyrocketed more than 50% over the last year and the effects on the airline industry are expected to be profound.
Now we have a better idea of just how profound.
On Thursday, Delta Air Lines reported a second-quarter 2018 profit of $1.025 billion on $11.775 billion in operating revenue.
Even though these numbers show Delta to be a very healthy airline, you don’t have to dig very far to see underlying effects for fuel prices.
For example, Delta $11.775 billion is in Q2 revenue is a record for the company and 10% higher than the same period last year.
However, profits for the quarter are actually down $161 million or 14% compared to Q2 in 2017.
And much of that can be attributed to the fact that Delta spent $654 million more on fuel than it did during …read more
Source:: Businessinsider – Finance