Transatlantic deal

British Airways has signed a transatlantic tie-up with American Airlines and Iberia that allows the airlines to share passengers and costs on flights between the European Union, Switzerland and Norway and the US, Canada and Mexico.

The deal comes in the form of a “revenue share agreement”, which BA says will “provide customers with greater access to discounted fares, more convenient connections and better access to the airlines' global network.”  It also says the arrangement would also allow oneworld to “compete on an equal footing” with other airline alliances that have received approval for similar transatlantic ventures.

Virgin Atlantic has vigorously opposed the undertaking which said it would create a "monster monopoly". www.ba.com

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