American Airlines finance chief expects airfares to stay near current levels if fuel prices fall

American Airlines finance chief Devon May told the Financial Times he thinks airfares would probably hold near current levels if fuel prices fall. If fuel prices rise, he said higher fares would be needed to offset them. Forbes reports American posted a $269 million third-quarter net loss as fuel added $1.9 billion to costs, and the four largest U.S. airlines cut full-year earnings forecasts, citing fuel costs.