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Wednesday, 2 August 2017

American Airlines Dodges Unwelcome Embrace as Qatar Air Moves On - Bloomberg

American Airlines Dodges Unwelcome Embrace as Qatar Air Moves On - Bloomberg:

"Qatar Airways Ltd. dropped a plan to invest in American Airlines Group Inc. following a chilly reception from the U.S. carrier.

Buying a stake “no longer meets our objectives,” Qatar Air said in an emailed statement Wednesday, alluding to the “latest public disclosure” by American without elaborating. The U.S. carrier reported financial results July 28, capping an earnings season in which rising concerns about airlines’ pricing power dragged industry stocks to their worst month in a year."



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