🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UK regulator extends trans-Atlantic competition probe due to pandemic

Published 09/17/2020, 08:13 AM
Updated 09/17/2020, 08:15 AM
© Reuters. FILE PHOTO: American Airlines planes are parked at the gate during the coronavirus disease (COVID-19) outbreak  in Washington
ICAG
-
AAL
-

LONDON (Reuters) - Britain's competition regulator said it will keep open an investigation into competition on UK-US airline routes until the travel industry stabilises, imposing instead interim measures which extend previous commitments.

The Competition and Markets Authority said on Thursday that it now aimed to complete its investigation into competition related to an agreement between British Airways (L:ICAG) and American Airlines (O:AAL) before March 2024.

The interim measures effectively extend the terms of 2010 commitments for an additional three years, said the CMA, adding that it was not worth making an assessment of competition now as that would not reflect the post-pandemic state of competition in the longer-term.

Due to the pandemic and related travel restrictions, trans-Atlantic traffic is operating at very low levels.

© Reuters. FILE PHOTO: American Airlines planes are parked at the gate during the coronavirus disease (COVID-19) outbreak  in Washington

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.