American Airlines CE on why he thinks consumers will see higher fares
Airlines are facing much higher fuel prices than a year ago, and those costs could be passed onto passengers soon. "If indeed this is where fuel prices are going to stay, I would expect you would see higher fares to consumers over time," said Doug Parker, chairman and CE of American Airlines Group said Thursday. In Q1, the airline saw expenses reach US$10b, a nearly 10% increase year-over-year. That was largely attributable to 25.7% higher fuel costs. American said if fuel prices for Q1 2018 were consistent with Q1 2017, expenses would have been lower by $412m. "Higher fuel prices led to a decline in year-over-year earnings, but we are excited about the future," Parker said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-30/oneworld/american-airlines-ce-on-why-he-thinks-consumers-will-see-higher-fares
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American Airlines CE on why he thinks consumers will see higher fares
Airlines are facing much higher fuel prices than a year ago, and those costs could be passed onto passengers soon. "If indeed this is where fuel prices are going to stay, I would expect you would see higher fares to consumers over time," said Doug Parker, chairman and CE of American Airlines Group said Thursday. In Q1, the airline saw expenses reach US$10b, a nearly 10% increase year-over-year. That was largely attributable to 25.7% higher fuel costs. American said if fuel prices for Q1 2018 were consistent with Q1 2017, expenses would have been lower by $412m. "Higher fuel prices led to a decline in year-over-year earnings, but we are excited about the future," Parker said. <br/>
