Since August, spot prices for New York Harbor Jet Fuel have risen 37% Soaring fuel costs are set to limit airline profitability towards the end of the year Delta Air Lines Inc. delivered a profit in the third quarter but warned soaring jet fuel prices might result in an unprofitable fourth quarter. Since August, spot prices for New York Harbor Jet Fuel have risen 37%. Delta expects fuel prices between $2.25 and $2.40 a gallon in the quarter, up from $1.94 in the third. Fuel costs accounted for 20% of Delta’s adjusted operating expenses in the third quarter. Soaring costs are “going to be a limiter on our ability to post a profit in the quarter. At these current fuel levels, it looks like we’ll have a modest loss,” CEO Ed Bastian said. Delta expects to carry over the robust travel demand from summer through the fall/winter season as […]