British Airways has issued a statement saying it is “exploring opportunities†with two US airlines.
In a brief statement yesterday, it said: “BA is exploring opportunities for cooperation with American Airlines and Continental Airlines. Further details will be announced when appropriate.”
The airline refused to disclose any further details about the talks, but its statement has led to industry speculation of a renewed attempt by BA to merge with American Airlines.
BA had previously tried to merge with American, but the move was rejected by competition authorities on both sides of the Atlantic.
It is also believed that Continental might be about to join the Oneworld alliance, of which BA and American are already partners.
BA’s statement follows an announcement of a merger between Northwest and Delta Airlines last month. The two airlines plan to form a new airline under the Delta name.
BA shares rose almost 5% today as investors reacted positively to the news.
By Bev Fearis
