British Airways and AMR (AMR) may be closer to a deal which would allow them to operate their transatlantic businesses as one company. With AMR is deep financial trouble, and its stock down from a 52-week high of $26 to under $9, the arrangement could be a lift savor.

According to The Times, "Willie Walsh, BA’s chief executive, said he expected final preparations for the deal to be complete within a fortnight, with an application to US regulators to follow shortly afterwards. “We want to move on this as soon as possible,” he said."

Douglas A. McIntyre