Read more live updates below.Delta Puts Brakes On Flight Growth Amid $2 Billion Fuel HitDelta Air Lines said on Wednesday that a “significant increase” in jet fuel prices caused by the Iran war means it is cutting a planned expansion in flights, the latest sign the aviation industry has been battered by Trump's war in the Middle East.Unveiling its latest financial results, the Atlanta-based airline warned its fuel bill could surge by more than $2 billion in the second quarter of the year.To tackle the extra costs, Delta CEO Ed Bastian said the company would be “meaningfully reducing capacity growth” until the “fuel environment improves.”Specifically, this would mean cutting about 3.5 percent of flights in the June quarter compared to what it originally planned.In common with other airlines, Delta had already announced it is increasing baggage fees to recoup some of the costs caused by the war with Iran.Fare increases are also likely to play a major part in offsetting spiraling fuel costs, Bastian said, as he warned of a looming shake-up in the industry that will “separate the winners and force the weaker players to take some pretty significant steps.”See All UpdatesClose