DALLAS (TheStreet) -- American(AMR) has waited 14 long years for regulators to approve its transatlantic joint venture with British Airways and Iberia.
On the plus side, from the time American applied for transpacific antitrust immunity with Japan Air Lines in February, the wait is likely to be less than one year. (Average out the times and it's just 7.5 years each.) Obviously, American has big plans as it looks to implement the agreements that, combined with its recently developed cornerstone domestic hub strategy, are expected to produce about $500 million in new net income by 2012. |
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