Airfares

A cream and green heating oil delivery tanker truck parked on a residential street in front of brick apartment buildings.

Moody's Zandi Puts the Iran War's Cost at Almost $2,000 a Household. Only $1,100 Is Energy, and Diesel Is Still 74 Per Cent Above Last Year.

Mark Zandi, chief economist at Moody's Analytics, estimates the war with Iran has cost the average U.S. household almost $2,000: $1,100 in energy, $540 in interest rates and $360 in military costs. AAA put regular gasoline at $4.30 and diesel at $6.32 a gallon on Sunday 18 October.

By Daniel Okafor 8 hours ago

Seen from above, a white Delta Air Lines jet with a red and blue tail flies low over an airport taxiway, passing over an Aeromexico airliner on the ground.

The Numbers

Delta Will Absorb $6 Billion More for Fuel This Year. Its Profit Forecast Has Fallen by About a Quarter Since July.

Delta Air Lines now expects adjusted earnings of $5.10 to $5.60 a share this year, down from the $6.50 to $7.50 it affirmed in July. Its third-quarter fuel bill rose 62 per cent. Fares rose almost as fast, and that is why the quarter's operating profit barely moved.

By Cory Chamberlain October 9, 2026

Tagged stories

Moody's Zandi Puts the Iran War's Cost at Almost $2,000 a Household. Only $1,100 Is Energy, and Diesel Is Still 74 Per Cent Above Last Year.

Delta Will Absorb $6 Billion More for Fuel This Year. Its Profit Forecast Has Fallen by About a Quarter Since July.