28 October 2010 | Amon Cohen
Whether it’s joint ventures, alliances or full-blown mergers, carriers are joining forces, but will this integration mean less competition and higher ticket prices?
Travel buyers may not have known it, but 20 July was a joyous day. At least, that seemed to be the view of John McCulloch, managing partner for the airline alliance Oneworld, as he reflected a week later on the day the US Department of Transportation granted anti-trust immunity to a proposed transatlantic joint venture between American Airlines, British Airways and Iberia. Immunity allows the carriers to co-ordinate schedules and fares, and negotiate as one entity with corporate clients.