UK Daily View: Oil races higher
Javier Blas says high oil prices are starting to hit companies like American Airlines
Airlines
Resources
Qantas warns profit levels are unsustainable
Australia’s largest airline reported a 46 per cent jump in profit but cautioned that high fuel costs and tough conditions meant the current level of profitability is not sustainable
Qantas finance chief resigns
Qantas said Peter Gregg, its chief financial officer, would step down after he missed out on the top job at Australia’s national carrier. Alan Joyce, head of no-frills subsidiary Jetstar, has been tapped to replace Geoff Dixon later this year
Branson attacks BA’s Iberia/AA plans
President of Virgin Atlantic moves to block UK flag carrier’s efforts to join forces with fellow Oneworld alliance members
Transatlantic venture faces close scrutiny
British Airways and American Airlines must decide how much pain they can take from US and European competition regulators, as they try yet again to form a joint venture across the North Atlantic
Virgin to lead opposition against new partnership
Sir Richard Branson’s Virgin Atlantic will lead the opposition to the attempt by British Airways, Iberia and American Airlines to create one of the most powerful forces in Atlantic aviation
Related content and features
Comment and Analysis
US airlines
The industry’s latest quarterly numbers provide confirmation that many of the underlying businesses remain precarious
BA/Iberia
News that BA, the British flag-carrier, is planning a share-for-share merger with Iberia, its Spanish counterpart, sent short-sellers scurrying to close big positions in both stocks
It is not yet the end for budget air travel
While other airlines are forcing prices up, Ryanair has grabbed yet again for the price lever to force them down, writes Kevin Done
Borders in the sky
Banning foreign takeovers may win populist acclaim, but US consumers should not thank politicians for shielding their airlines from help from abroad
More stories
