1.
U.S. markets recover from steep losses
FORT WORTH, Texas, Aug. 14 (UPI) -- Five airlines, including major British, Spanish and U.S. carriers filed for antitrust immunity to coordinate operations, American Airlines said.
British Airways, American and Iberia, all members of the Oneworld airline alliance, have asked for immunity to better coordinate flight schedules, marketing and other operations, the Fort Worth Star-Telegram reported Thursday.
Royal Jordanian and Finnair are also part of the arrangement, the Star-Telegram reported.
"We believe our proposed cooperation is an important step towards ensuring that we can compete effectively with rival alliances and manage through the challenges of record fuel prices and growing economic concerns," Gerard Arpey, American's chief executive officer said in a statement.
"This strategic relationship strengthens competition by providing consumers with easier journeys to more destinations with better-aligned schedules and frequencies," said British Airways Chief Executive Willie Walsh.
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
