As American travelers feel the pinch of inflation and elevated airline costs, Delta Air Lines CEO Ed Bastian revealed exactly what it will take for ticket prices to decline, pointing directly to a lack of market supply rather than solely fluctuating fuel costs.

"People ask me all the time - what's happening with prices?" Bastian told FOX Business' Maria Bartiromo in an exclusive interview on Tuesday.

"Prices will come down when we can fly more, when there's more supply, it's a supply and demand. Right now we're kind of logjammed." "There's not a lot of supply we can bring in because the air traffic control system is congested. As you open up the skies, and you bring more flow, that's going to help bring pricing down and enable us to bring more people to more places," he said.