Delta CEO Warns of Higher Tickets Prices Coming This Summer Due to Government RegulationsThe CEO says the costs of regulations aimed at compensating stranded passengers will trickle down to customers.

If you were excited about the government's new plan for new regulations that will require airlines to provide compensation and cover meals and hotel rooms for passengers who are left stranded at airports due to airline screwups, the CEO of Delta Air Lines is here to throw a wet blanket on your celebration.

Appearing onCBS Mornings, Ed Bastian said the associated costs of thoseregulationswill surely trickle down to consumers, calling it "common business logic."

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"There's no question if there is another layer of government regulation and cost that's introduced into the system, it'll eventually find its way back into ticket prices," he explained.

President Biden said the new regulations (whichexclude delays caused by weatheror circumstances out of an airline's control) were created because travelers "deserve to be fully compensated."

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On CBS Mornings, Bastian disputed that travelers aren't being compensated, specifying that they've paid "hundreds of millions of dollars for customers." He added, "We do it at Delta because its great service… you know if something goes awry Delta's going to be there for you."

Fox Business Newsreports that airline fares dropped about 2.6% from March after four months of increases.