DALLAS — IAG shares fell 4.3% following regulatory action by the UK’s Competition and Markets Authority (CMA) requiring concessions on key transatlantic routes.
The CMA recently concluded an investigation into the Atlantic Joint Business Agreement (AJBA), a partnership among British Airways (BA), American Airlines (AA), Iberia (IB), Aer Lingus (EI), and Finnair (AY). The investigation followed raised concerns that the AJBA could restrict competition on four key routes connecting London…
