Source: International Business Times
An ATM machine sits in front of American Airlines aircraft at O'Hare International Airport on June 17, 2014 in Chicago, Illinois. Airline fares are rising to the highest level in 15 years. Scott Olson/Getty Images Travelers waiting for a break on airfares received an unusually direct answer on July 10: Delta Air Lines CEO Ed Bastian told CNBC's Squawk Box that the roughly 20% jump in domestic ticket prices is "sustainable," that higher fares reflect strong demand and a disciplined industry, and that there is no relief in sight even as jet fuel costs fall sharply from their war-driven peak.
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