Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

British Airways in Merger Talks with Qantas

Shares soar 12% on news

By the Associated Press

Posted Dec 2, 2008 10:15 AM CST

(AP) – British Airways is in talks with Australia's Qantas Airways about a potential merger, the firm said today, sending its shares soaring as it fueled expectations of consolidation in the hard-hit aviation industry. Already pursuing a revenue-sharing deal with American Airlines and Spain's Iberia SA, BA... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Miami Face-Eater Identified

Chagas Disease the 'New AIDS of the Americas'

Associated Press (Source Grid »)

Money

Australia • airline industry • Qantas • merger • British Airways • Britain • stock price

More Newser Stories

Aussie Court Ends Qantas Strike, Grounding

Airline ordered back to the skies after 14-hour hearing

(NEWSER) - An Australian court has ended the Qantas Airways standoff that abruptly grounded the entire fleet yesterday, as tens of thousands of stranded passengers scrambled to find rides. After 14 hours of testimony, which included government arguments that forcing the airline back into operation was in Australia's best economic interests, the court ordered striking workers back to work and the airline back to the skies. More»

British Air, Qantas Merger Talks Crash

$6 billion deal won't fly after airlines disagree on key issues

(NEWSER) - A $6 billion merger between British Airways and Qantas Airways that would have created a global carrier failed to fly after the two sides couldn’t agree on who would control the business, reports Bloomberg. The decision frees BA to pursue talks with Spain’s Iberia. Qantas is likely to pursue an Asian airline that could better complement its business. More»

BA, American Hope 3rd Time Is the Charm

Carriers predict US antitrust approval for alliance first aired in '96

(NEWSER) - American Airlines and British Airways are making a third stab at a joint business agreement—and this time, reports the New York Times, the deal might actually go through. American, BA, and the Spanish carrier Iberia are applying for antitrust approval to form a global network. The CEO of American's parent company today predicted that the arrangement would win "swift approval" amid loosened regulations in a collapsing industry. More»

Bankrupt Air Australia Strands Thousands

Ticket holders may not get refunds

(NEWSER) - An Australian airline has gone bankrupt—leaving some 4,000 passengers stranded in spots like Indonesia and Hawaii. "It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately," Air Australia and its new administrators said today, according to CNN . "It also appears highly unlikely there will be any flights in the short to medium term," so passengers should seek other transportation, the company noted. More»

Overweight People Should Pay More to Fly

Former Qantas economist makes his case

(NEWSER) - The former chief economist at Qantas thinks it's about time that airlines charged heavier people more for plane tickets as a matter of policy. "The rationale is simple," writes Tony Webber in the Sydney Morning Herald . "The fuel burnt by planes depends on many things but the most important is the weight of the aircraft. The more a plane weighs, the more fuel it must burn." This kind of fat tax may seem discriminatory, but it's sound business practice, he argues. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

British Airways in Merger Talks with Qantas

Shares soar 12% on news

Australia • airline industry • Qantas • merger • British Airways • Britain • stock price

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Aussie Court Ends Qantas Strike, Grounding

Airline ordered back to the skies after 14-hour hearing

British Air, Qantas Merger Talks Crash

$6 billion deal won't fly after airlines disagree on key issues

BA, American Hope 3rd Time Is the Charm

Carriers predict US antitrust approval for alliance first aired in '96

Bankrupt Air Australia Strands Thousands

Ticket holders may not get refunds

Overweight People Should Pay More to Fly

Former Qantas economist makes his case

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?