Yes, this was cross posted on the CO board but it's relevant here too.
Mr Bethune said links between the gradual recovery in demand and the restoration
of capacity had broken down. "That has put a bleaker perspective on the second
quarter." He said that Continental was exploring closer ties with Dutch carrier KLM.
The two carriers share a mutual partner in Northwest Airlines.
Mr Bethune said on Monday he was discussing with KLM how to transform the
short-term tie-up in to a longer term alliance, which could "ultimately" end up as a
fully-fledged joint venture. Such a venture would require antitrust immunity from US
and European regulators.
[This message has been edited by BSL (edited 03-18-2002).]