Qantas CEO, Alan Joyce, has meanwhile told the Australian Financial Review that the Australian carrier will explore all avenues to maintain JAL as a partner, including encouraging upcoming American Airlines meetings with the Japanese airline. But Qantas spokesman, David Epstein, confirmed to The Australian that the airline is not involved in any of the formal negotiations taking place regarding JAL, “nor are we engaged in any M&A or consolidation discussions with any other airline”.
Japan Airlines’ shares gained 2.4% on Friday, while Qantas rose 3.7%.
Asia Pacific selected airlines daily share price movements (% change): 18-Sep-09
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.