Escalating fuel costs have forced Delta Air Lines to abandon its $499 cap on domestic fares adopted in January in its landmark “Simplifare” restructuring of its fares. Its new cap of $599, if adopted industrywide, could raise industry revenues by $300 million this year. JP Morgan’s Jamie Baker, estimating that Delta would derive just $80 million in incremental revenue from the move, thinks the carrier is still headed for an inevitable bankruptcy.

Source: Airline Business