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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.

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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.

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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Mississippi: African American voters sue over election law rooted in the state’s racist past

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A lawsuit over a Mississippi election law, if successful, will change the way that state elects its governor.

Four African Americans filed the federal civil rights lawsuit in May 2019, charging that the way their state elects its statewide officials violates the Voting Rights Act, the 14th Amendment and the principle of “one-person, one-vote.”

To win election, a candidate for governor of Mississippi has to win an outright majority of the popular vote – and win a majority of the state’s 122 House districts.

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Fox & Friends pushes lies and distortions about intel whistleblower: ‘Almost as if they heard a rumor’

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"Fox & Friends" co-host Steve Doocy pushed inaccurate claims about a whistleblower complaint filed by an intelligence official against President Donald Trump.

The Fox News broadcaster downplayed the complaint, which reportedly involved Trump's efforts to pressure Ukraine's president to dig up dirt against Joe Biden, and falsely claimed that Congress had no authority to investigate.

"In this country, you know, we've heard a lot over the last couple of years about how the Democrats would like to impeach the president of the United States," Doocy said, and co-host Brian Kilmeade feigned shock.

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‘Your presence has always been a calamity’: Iranian president demands US get out of Persian Gulf

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"The farther you go from our region and our nations, the more security would come for our region."

Iranian President Hassan Rouhani said Sunday that the only way to move toward lasting peace in the Middle East is for the United States and other Western powers to immediately leave the Persian Gulf, a call that comes days after the Trump administration announced the deployment of more troops to Saudi Arabia.

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