What is the joint business agreement?
It is an agreement to share revenue and reduce costs, co-ordinate networks and schedules and co-operate commercially on routes between the EU, Norway and Switzerland and the U.S, Canada, Mexico and US territories in the Caribbean.
What benefits does this agreement bring?
For customers
For the airlines
Will each airline keep its own identity and their own livery/tailfin?
Yes.
Do the terminal arrangements at Heathrow and JFK remain in place?
There are no plans for AA to move to Terminal 5 Heathrow or BA to move to Terminal 8 at JFK.
How will this announcement impact competition between British Airways, American Airlines and Iberia?
British Airways, American Airlines and Iberia will continue to compete with each other, there will be no change to how we do business today until there is a decision on the application for anti-trust immunity.
British Airways and Iberia have certain immunity granted on UK-Spain, which remains in place.
How will this announcement impact competition between the three airlines and other carriers?
The airlines have applied for worldwide anti-trust immunity from the US Department of Transportation and will be notifying the appropriate regulatory authorities in the European Union.
Anti-trust immunity approval on transatlantic flights will enable oneworld carriers to compete more effectively with the Star and Skyteam alliances who already have anti-trust immunity across the Atlantic.