Pilots are seeing big pay bumps across the industry. That could keep airfare prices rising.

Taylor Rains/Insider

Delta Air Lines and its pilot union have come to a preliminary agreement to increase wages by over 30%. Pilot pay raises could increase airfare as labor is the number one cost for airlines. Regional markets may also take another hit as airlines scale back frequencies to small cities.

Sky-high airfare might not go away after airlines have been forced to cough up huge bumps in pay for...

Continue Reading Pilot pay is skyrocketing in the airline industry and it could keep airfare sky high