American's CEO says demand for travel still bright

American Airlines (file) (Getty Images)
American Airlines (file) (Getty Images)
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Updated: 7/08 10:51 am

FORT WORTH, Texas (AP) — The CEO of American Airlines says travel demand is still strong and he is not worried about airlines adding so many flights that they will drive down prices.

American Airlines Group Inc. CEO Doug Parker says airlines can charge profitable fares even as they add seats, which is different than in past years, when they were losing money.

Parker's upbeat tone Tuesday contrasted with comments from Air France-KLM, which lowered its 2014 earnings forecast because overcapacity on international flying is hurting profits. Last month, Deutsche Lufthansa AG issued a similar warning.

 

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