Delta Air Lines CEO Ed Bastian has indicated that passengers should prepare for higher airfares due to rising oil prices, which have surged due to the ongoing US-Israel conflict with Iran. The airline has incurred an additional $330 million in fuel costs and anticipates a $2 billion increase in fuel expenses for the current quarter. Despite these challenges, Delta expects a 10% growth in revenue as travel demand remains strong. Bastian noted that the current climate may lead to permanent increases in baggage fees, as several airlines have already raised these charges citing oil market volatility. Although oil prices recently dropped from $110 to under $95 per barrel following a ceasefire agreement involving Iran, they remain significantly higher than pre-conflict levels. Major airlines like American Airlines and United have experienced stock price declines of 25% and 13%, respectively, since the conflict began. Delta's stock has remained flat this year, reflecting both consumer resilience and the impact of the conflict on growth. To mitigate rising costs, Delta plans to reduce capacity by cutting midweek and overnight flights with lower passenger numbers. Bastian highlighted that affluent customers continue to prioritize travel, contributing to Delta's growth.