“The fares are too low for oil prices this high,” Parker told analysts Thursday when the Fort Worth-based carrier reported its fourth-quarter earnings. “Over time, you’ll see that adjust. But it takes time.”
Parker said the rising fuel costs — the price for a barrel of Brent Crude has jumped from about $50 to $70 over the last six months — could mean a “below-average” year for American’s earnings in 2018, but he doesn’t expect it to hamper profitability long-term.
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