Industry - Airline latest news

In observance of the Independence Day holiday in the US, the next edition of Daily News will appear on Tuesday, July 8.

American airlines, British Airways and Iberia are close to applying for antitrust immunity to form a transatlantic revenue- and profit-sharing joint venture, the Financial Times reported yesterday, citing executives at the carriers.

American airlines parent AMR Corp. told its employees this week that more than 6,700 of them will be cut by year end, representing about 8% of the company's total workforce.

American airlines parent AMR Corp. informed the US Securities and Exchange Commission yesterday that it will record a noncash impairment charge of $1.1-$1.2 billion in the second quarter related to the capacity reductions announced in May (ATWOnline, May 22).

Guangzhou-based China Southern Airlines is expected to be the first Chinese mainland carrier to operate a charter flight across the Taiwan Strait Friday, with Taiwan's China Airlines following suit later that day from Taipei to Shanghai.