British Airways received a rare bit of good news this week after share priced soared following the thumbs up from US watchdogs at the weekend to the proposed merger with American Airlines.
Stock jumped around 4%, adding £85 million to the carrier’s market value.
Last Saturday the US Department of Transportation said it was set to allow anti-trust immunity to the tie-up, which is the main hurdle to the merger.
The news brought ire from Virgin Atlantic boss Richard Branson who declared the merger uncompetitive and something that consumers would pay the price for for years to come.
The merger must still meet with approval from European regulators.
