I think that the Atlantic is going to become a slugfest over the next few years. This open skies agreement completely opens up opportunities for airlines and city pairs. Especially for Charter and no frills carriers. Think of how many more windows they now have to fly. I’m sure some consolidation will enventually occur, but there will be a lot of competition in the offing.

Also, alliances and mergers will become increasingly important as the big carriers on both sides of the pond use their size to leverage capacity and dominance.

Stephen