New Delhi, July 16 -- Travellers waiting for flight ticket prices to drop as fuel costs ease may have to rethink their expectations. According to Delta Air Lines CEO Ed Bastian, lower oil prices are unlikely to translate into cheaper airfares because the industry's pricing model has fundamentally changed

Speaking with Moneywise, Bastian said today's fares are no longer driven solely by fuel costs. Instead, airlines are pricing tickets based on a wider set of expenses, including labour, airport operations, technology, and aircraft costs. He added that Delta believes its "current revenue momentum should remain sustainable even if fuel prices moderate."

Delta reported a strong financial performance for the quarter, posting record revenue o...