High Fuel Prices Force Delta to Cut More Costs

Summary


ATLANTA -- Delta Air Lines Inc. will have to cut more costs to deal with increases in fuel prices because raising ticket fares alone will not do the job, the struggling carrier's chief executive said Wednesday.

CEO Gerald Grinstein said he believes the nation's third-largest airline can avoid a bankruptcy filing, though he indicated at an investor conference in New York that it hasn't ruled out such an option.

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High Fuel Prices Force Delta to Cut More Costs

"There are always a lot of surprises in the airline industry," Grinstein said in response to a question about the possibility of a...

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