Delta Air Lines Believes Fuel Cost Could Increase Ticket Prices By 5-10% Flying this summer could be more expensive due to higher fuel costs. The oil and fuel rising costs could lead to a 10% increase in airfares worldwide, according to Delta Air Line’s head, Ed Bastian. In the last few weeks, oil prices have reached a 14-year high after Russia’s invasion of Ukraine. Higher costs, higher fares In the last few weeks, fuel and oil prices worldwide have skyrocketed, and the airline industry is starting to feel the pressure. According to the International Air Transport Association’s ( IATA ) jet fuel price monitor, the price for fuel is 19.5% higher in March than a month ago and 82.5% higher than a year ago. While some carriers, like American Airlines , believe rising fuel prices will not have a long-term impact on the industry, others, like Delta Air Lines , expect higher fares. Domestically, the rise in fuel prices could lead to an increase betwe...