Charlie Rose Talks to Delta CEO Richard Anderson

Delta Air Lines’ CEO discusses his industry’s merger wave, the Dreamliner, and buying a refinery to save on jet fuel
Airfares are "down about 10 percent from where they would have been right before 9/11. So we still offer tremendous value." Photograph by Andrew Harrer/Bloomberg

With all the consolidation among airlines, where does that leave us, your customers?
The industry is incredibly competitive, probably one of the most competitive industries in our country or in the world. And consumers have good transparency through the Internet on fares. So there’s plenty of contestability in the marketplace with four big carriers. If you analyze airfares since deregulation, they’re down on an inflation-adjusted basis, including fees—probably down a third from where they were [before] deregulation. And they’re down about 10 percent from where they would have been right before 9/11. So we still offer tremendous value.

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