American Airlines and Japan Airlines quietly launched their trans-Pacific alliance today (01-Apr-2011). The partnership allows American and JAL to coordinate schedules, set fares and market promotions jointly.
Despite challenges in the Japanese market, the carriers are committed to the partnership "for the long term", said Tsutomu Ando, JAL's executive officer for international alliance, speaking with the Wall Street Journal. American Airlines' shares slumped 5.7% yesterday.
Selected AAD daily share price movements (% change): 1-Apr-2011