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Amid Uncertainties, Delta CEO Ed Bastian Warns Oil Crisis Could Reshape Airline Industry

"We woke up this morning with a very different set of fuel assumptions than we had when we went to bed," Bastian said on the earnings call this morning after the U.S. and Iran agreed a two-week ceasefire yesterday.

Like many airline executives, Delta CEO Ed Bastian has been forced to respond to the ongoing oil crisis caused by the Iran war by raising fares and cutting flights. But he sees bigger changes on the horizon. Sustained fuel price hikes could lead to sweeping restructuring across the aviation industry, Bastian said during Delta’s first-quarter earnings call today (April 8).

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