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American Airlines says airfares could stay elevated even if fuel prices drop

American Airlines says airfares could stay elevated even if fuel prices drop

American Airlines issued a warning that airfares are likely to remain elevated even if there's a decline in oil prices due to losses the carrier suffered earlier in the year amid surging fuel costs.Devon May, CFO of American Airlines, told the Financial Times, "If fuel comes down, I think airfares probably stay largely where they're at right now.""If fuel prices go up, we need to generate higher yield, we need to generate higher fares to offset that higher fuel price," May said.American Airlines on Thursday released its earnings for the third quarter which included deeper losses in 2026, updat...

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Wayne G Fraser
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State Georgia, North Carolina, South Carolina
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