Delta Airlines says elevated airfares likely to persist

Delta Airlines reported record-high revenue and a $1.4bn profit for the second quarter, with its CEO stating that higher fares are expected to continue.

• Delta reported record-high quarterly revenue and a $1.4bn profit for the second quarter.
• Delta CEO Ed Bastian said the airline has passed 60% of higher fuel costs to consumers and plans to eventually pass on all elevated costs.
• Bastian stated that Delta will likely account for 60% of the airline industry's profits this quarter.
• Delta expanded its premium offerings with a new "basic business" fare that excludes expedited check-in and lounge access.