PARIS (Reuters), – While airlines will quickly pass rising oil prices onto passengers by charging higher fares, they will also be more likely to do so in a relatively short time. However, this will not affect the overall industry outlook for 2022 according to the International Air Transport Association’s head on Wednesday.

At a weekly news briefing, after JetBlue opened a counter-bid to purchase a U.S. discount carrier, Spirit Airlines (NYSE:) Director General Willie Walsh stated that he sees further opportunities for consolidation in America.