After settling with OneWorld in 2010, EU antitrust negotiators turned their attention to SkyTeam and now have made peace.
Modern alliances and consolidation are making competition harder to come by.
Oneworld makes a strong showing, and as American Airlines continues to grow, it would appear to offer the strongest product of any of the three alliances. The wild card, though, comes from the non-traditional alliances being built from the Gulf states.
The US Airways-American Air merger will remake the alliance world even more, but the real changes to airline collaboration are taking place at the investment stage now, not the loyalty one.
This is an interesting idea from SkyTeam, but it's doubtful this would be the first option that meeting planners would turn to.
The days of renegade entrepreneurs in airlines industry is over, at least in the Western Hemisphere, and all options have to be on the table, as Virgin Atlantic's moves show.
SkyTeam's turn towards a non-leading player in China signals a shift towards Asian for the alliance and a confirmation that future growth will take place outside of Europe and North America.
SkyTeam is the second largest airline alliance, but can now claim that it's the first to offer non-stop flights from South America to Australia.
IAG is trying to protect its transatlantic interests, especially if someone like Delta comes in with a bid and pries away AA from Oneworld into Skyteam.