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

4 June, 2018

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".