August 15, 2008 |
American Airlines and British Airways agreed Thursday to create an alliance that would let them operate as a single carrier on transatlantic routes and counter new competitors. The airlines said they would seek antitrust clearance to coordinate prices, capacity, schedules and routes and share revenue on flights between Europe and North America. The move marks the third bid since 1996 for closer ties between AMR Corp.'
August 12, 2008 |
British Airways may seek regulatory approval this week for an alliance with AMR Corp.'s American Airlines that would allow the pair to operate, in effect, as a single airline on transatlantic routes. An executive at British Airways indicated that a filing for antitrust immunity permitting the alliance might be made by Friday.
July 30, 2008 |
British Airways said Tuesday it would merge with Iberia, Spain's national airline, as slower economies and higher fuel costs wipe out earnings. The airlines are in talks about an all-stock transaction that would create a new company with two fleets and a dual listing in London and Madrid, the companies said. The deal would be the largest in Europe since Air France acquired Dutch airline KLM for $826.9 million in 2003.
June 20, 2008 |
Continental Airlines Inc. and UAL Corp.'s United Airlines, which failed to complete talks this spring to become a single carrier, said Thursday that they would work together in an alliance they hope will boost revenue to offset rising fuel costs. In striking a deal with United, Continental ended alliance negotiations with AMR Corp.'s American Airlines, the nation's biggest carrier, and British Airways. Under alliances, airlines typically sell tickets on each other's flights, which can result in increased revenue.
April 26, 2008 |
A federal judge on Friday preliminarily approved an agreement by two British-based airlines to pay about $210 million to settle a massive price-fixing lawsuit that accused the carriers of colluding to gouge transatlantic passengers with fuel surcharges. U.S. District Judge Charles Breyer granted tentative approval for British Airways and Virgin Atlantic to refund one-third of the surcharge paid by each of the airlines' passengers from Aug. 11, 2004, to March 23, 2006.
CALIFORNIA | LOCAL
April 13, 2008 |
Burt Glinn, 82, a photojournalist and commercial photographer who was one of the first Americans to join the prestigious Magnum photo agency and later served as its president, died Wednesday of kidney failure and pneumonia at home in East Hampton, N.Y. Glinn's best-known images included a picture of Soviet leader Nikita Khrushchev at the Lincoln Memorial in Washington, Fidel Castro as he was taking power in Cuba and a light shot of Andy Warhol, Edie...
April 1, 2008 |
Heathrow has always been the bad boy of European airports, an international crossroads that periodically morphs into a black hole of chaos and delay with no more provocation than a good English fog. Even by Heathrow's standards, though, the debut of the long-awaited Terminal 5 -- the spacious, $8.