Big Three US airline cargo revenues continue to shrink alongside margins and rates
Unveiling its numbers yesterday, American Airlines was the last of the Big Three US passenger ...
American Airlines is looking to increase its market share on transpacific routes to China by buying a stake in China Southern. While the deal has not yet been confirmed, it appears the US carrier is eyeing a $200m stake in the airline, which is worth about $10bn at market value, notes ATW. China Southern, which yesterday suspended stock trading, said it would reveal an “important strategic cooperation deal within five working days”.
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