Alliance, despite the abandonment of closer ties between AA and BA, will continue to grow...
The Oneworld group of airlines, led by British Airways and AMR Corp's American Airlines, said it will remain intact and add new carriers, while generating $1 billion in revenue and savings for its members.
Oneworld will survive even though BA and AA, its biggest members, have scrapped alliance plans, the group said in a statement. The UK and US carriers abandoned the alliance after US regulators said they'd have to hand rivals 16 trans-Atlantic flights for it to be approved.
While the ruling was ?a disappointment,? for the alliance, it frees Oneworld ?to bring forward plans to deepen working relationships more broadly right across our group,? said David Turnbull, deputy chairman of Cathay Pacific Airways and Oneworld's chair, in a statement after a group meeting in Santiago.
Oneworld has eight members - American, British Airways and Cathay, plus Iberia, Aer Lingus, Finnair, Lan Chile and Qantas - and ranks second in size behind Star Alliance, which is led by UAL Corp.'s United Airlines and Lufthansa.