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American Airlines warns of fare increases if oil remains high

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American Airlines (AAL.O) warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market.

Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits.

“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,” CEO Doug Parker told reporters on the sidelines of the annual IATA meeting of airline executives in Sydney.
IATA, which represents about 280 airlines comprising 83 percent of global air traffic, has said that on Monday it will revise down its forecast for industry profitability this year due to higher oil, infrastructure and labor costs.

The United States last month agreed a deal with the United Arab Emirates and in January with Qatar to resolve claims from the three largest U.S. carriers that Gulf airlines had received unfair government subsidies.

Parker said he was pleased with the result of the talks but needed to see more from the Gulf carriers before American Airlines could consider partnerships with them.

“We haven’t had enough time to make sure that those resolutions have the effect that we hope for, so we shall see,” he said.

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Qatar Airways had plans to buy a stake in American Airlines last year, but reversed that decision, saying an investment did not meet its objectives. American Airlines executives had opposed the share buy.

When asked on Sunday whether he would be open to investments from Gulf airlines further down the line, Parker said American Airlines did not need such transactions. He added, however: “We are open to investments from everybody.”

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Watergate lawyer reveals the Mueller report footnote on ‘theft’ that Dems must ask him about

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Former federal prosecutor Nick Ackerman brought a highlighted copy of special counsel Robert Mueller's report during an appearance on MSNBC anticipating questions for Wednesday's hearing.

Host Ari Melber asked Ackerman to pick out the one page of the report that he would want to ask Mueller a question about.

Ackerman selected page 176, which relates to Roger Stone and the distribution of the stolen emails from the Democratic National Committee.

"It’s a fact, is it not, Mr. Mueller, if you look at that footnote — that your office considered charging people with the theft of stolen property and trafficking in stolen property, is that right?" Ackerman asked his hypothetical question to Mueller.

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Republicans ‘are still scared Mueller might go rogue’: Lawyer who defended Trump official explains GOP’s fear

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Republicans are terrified that special counsel Robert Mueller could harm President Donald Trump during public testimony before Congress, a lawyer who used to represent a Trump official explained on MSNBC on Monday.

Attorney Caroline Polisi, who represented George Papadopoulos, was interviewed on "The Beat" by Ari Melber.

The host played clips pointing out how hard it is for lawmakers to get information out of Mueller during congressional

"What's so interesting here, even in the face of all of this, they’re scared he may go rogue," Polisi explained.

"They’re still a little bit scared of that one percent possibility," she noted.

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Here are 3 things Americans must hear from Mueller’s testimony: Democratic senator

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No one can say with certainty what former special counsel Robert Mueller will tell the American people when he testifies before the House Intelligence and Judiciary Committees on Wednesday.

But on Monday, Sen. Mazie Hirono (D-HI) told CNN's Wolf Blitzer the broad strokes of what Mueller will be expected to say — and what the American people should be listening for if they are not yet convinced President Donald Trump has committed impeachable offenses.

"Do you think there are Americans out there who still haven't made up their mind on this issue of impeachment, obstruction of justice, collusion and all of that?" Blitzer asked her. "Have the American people moved on?"

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