The jump in oil prices since Russia invaded Ukraine is set to lead to higher airfares.
All this unpredictability means Delta does not try to buy its fuel in advance, Mr Bastian said. "Sometimes you win, and often you lose."
Delta's ownership of this oil refinery in Trainer, Pennsylvania gives it some protection from volatile pricescutting aviation's carbon emissions"The existing fossil fuel and jet fuel technology needs to go, and we need to make those investments for the future towards a sustainable future." Mr Bastian says that cost is the big impediment, with the production of such substitutes costing "three to five times what's in the marketplace today"."Scale will bring costs down over time, and will bring more capital from private sources into exploration and looking for new technology. This next five years is critical that to make sure we get government support, not just in the US but around the world.
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