The 25 per cent rise in oil prices over the past month has sent shivers through the airline industry as it struggles to cope with the ongoing depressed cargo and passenger traffic. The CEOs of both AMR, parent of American Airlines and Southwest Airlines said market fundamentals – including a glut of crude oil on the world market – don't support prices as high as US$62 a barrel, a six-month high. But both American's Gerard Arpey and Southwest's Gary Kelly separately … [Read more...] about Airlines concerned over oil price rise