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British Airways boss sees consolidation, not alliances, as future of aviation
TransportIAG SA Chief Executive Officer Willie Walsh, who led the company’s creation via a merger of British Airways and Spain’s Iberia, said he favors a further bout of consolidation to boost revenue while paring costs. Airline alliances like Oneworld, of which IAG is a leader, exist only because of restrictions on mergers, for which the [...]
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Delta executives said to be in support of further airline consolidation
TransportEven though a combined American-US Airways will create a larger competitor to Atlanta-based Delta Air Lines, Delta executives support further industry consolidation. Delta and other airlines see industry mergers as a way to ease the intense competition between airlines that over the years led to financial losses and bankruptcies. American and US Airways are small [...]
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Alliances become the norm in aviation although some solo stragglers still remain
TransportIndependent airlines have shrunk to a handful of smaller carriers in a year that’s seen mavericks including Virgin Atlantic Airways Ltd. end their solo approach and top Gulf operators enlist in alliances or joint ventures. Of the 40 leading airlines by revenue from flights to the top 100 business hubs, 11 lacked partnerships deeper than [...]
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Delta CEO says AMR-US Airways merger to take place “shortly” and supports it
TransportDelta Air Lines CEO Richard Anderson believes the US Airways and American Airlines merger will happen “shortly.” Speaking at a Delta investors’ day in New York this morning, Anderson said he doesn’t have any inside information about US Airways’ and American Airlines’ plans, but adds: “I believe shortly we will have the US Air-American transaction [...]
