Delta Air Lines executives say they’re not seeing the drop in average airfares that federal officials believe are contributing to lower inflation.
The Labor Department’s latest consumer price index this week showed average airfares falling 8% from May to June on a seasonally adjusted basis.
“We’re not seeing the same, and it’s a different data point than what we have,” Delta President Glen Hauenstein said on the airline’s second-quarter earnings call. He dismissed the Labor Department’s methodology as a “ample of a sample.”
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