A glance at the slot holdings at London Heathrow possessed by the global airline alliances shows why European and US regulators may be reluctant to give unqualified approval to the application for antitrust immunity filed last month by five members of oneworld (see News Briefs, p. 9). At the heart of the agreement are efforts to combine the transatlantic operations of American Airlines, British Airways and Iberia in hopes of giving them the same competitive muscle enjoyed by SkyTeam and ...

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