Doug Parker, the CEO of American Airlines, doubled down on his remarks last year that the airline isn't "ever going to lose money again," saying airlines need to get past the boom-and-bust cycle of the past. "We're not going to go through these cycles," Parker said at an Axios Smarter Faster Revolution event at the University of Texas in Austin.

Big picture: Parker said things like oil prices approaching 4-year highs shouldn't tip airlines into unprofitability, and now companies like American are stronger to weather those changes. "In the old days it was all about how we're going to survive the next 12 months ... we have the luxury now of thinking long term."

Go deeper

8 hours ago - Health

Fauci says if people won't wear masks, maybe it should be mandated

Anthony Fauci. Photo: Graeme Jennings- Pool/Getty Images

NIAID director Anthony Fauci told CNN on Friday evening that if "people are not wearing masks, then maybe we should be mandating it."

Why it matters: Fauci made the comments the same day the U.S. hit its highest daily COVID-19 case count since the pandemic began.

Harris to Black voters: Casting a ballot is about honoring your ancestors

Democratic vice presidential nominee Kamala Harris speaks at a "Get Out The Vote" rally at Morehouse College. Photo: Elijah Nouvelage/AFP via Getty Images

Sen. Kamala Harris appealed to Black voters in Georgia on Friday, urging them to "honor the ancestors" by casting ballots, and again calling President Trump a "racist."

Why it matters: The U.S. saw a significant decline in African-American voter turnout between 2012 and 2016, reaching its lowest point since 2000. Higher turnout among Black Americans this year could tip the balance in favor of Democrats in key battleground states, including Georgia.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci: Trump hasn't been to a COVID task force meeting in months.
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  5. World: Spain and France exceed 1 million cases.