Ed Bastian, CEO of Delta Air Lines, revealed Wednesday that government regulations recently unveiled by the Biden administration could lead to higher ticket prices.
Last week, the Department of Transportation (DOT) announced plans for new rules that would require airlines to compensate passengers and cover expenses for meals and hotel rooms should flights be delayed or canceled within the control of the air carrier.
During an interview on “CBS Mornings,” Bastian said it’s “common business logic” for commercial airliners to increase ticket prices if the government imposes an additional layer of regulation on the industry.
“There’s no question if there’s another layer of government regulation and cost that’s introduced into the system, it’ll eventually find its way back into ticket prices,” he said….