American Airlines CEO: Fares will increase if fuel costs continue to rise

    American Airlines CEO Doug Parker, speaking to Reuters on the sidelines of the IATA AGM and World Air Transport Summit, commented (04-Jun-2018) on rising oil prices, stating: “If it becomes clear this is the new normal you would see over time less capacity and growth in the industry and therefore higher prices, but I don’t think that’s going to happen in the near term”.