Originally Posted by
daru1
You do realize that the Open Skies agreements will have to be renegotiated as well. American has the most exposure to Britain of any of it's US competitors as well. 6.2% of AA's capacity touches the nation.
Considering management's shall we say "cheapening" of the product in a race to the bottom with its competitors, it may be bad for the shareholders for a bit. It'll probably be worse for us that fly there in the longer term.
On a lighter note, at least this isn't AA's fault so there's no AApology needed.
"American Airlines (NASDAQ:AAL) is likely to be hit harder than any other U.S airline following the decision by U.K voters to leave the European Union, and the stock now presents greater short term risk versus its U.S airline peers. 6.2% of American Airlines capacity touches the United Kingdom and the airline offers 25 daily departures to London along with flights to Birmingham, Manchester, Edinburgh, and Glasgow. By comparison, United Airlines sees 5.3% of its capacity touch the UK and Delta sees 2.7% touch the UK."
http://seekingalpha.com/article/3984...ng-brexit-vote
Does that article take into account that Delta owns 49% of Virgin Atlantic?