BA shares increase in value
February 18th, 2010 by elisa

British Airways received a rare bit of good news this week after share prices soared following news of US watchdogs’ approval of the proposed merger with American Airlines over the weekend.

Stock jumped around 4%, adding £85 million to the carrier’s market value.

Last Saturday the US Department of Transportation said it was set to allow anti-trust immunity to the tie-up, which is the main hurdle to the merger.

The news was criticised by Virgin Atlantic boss Richard Branson who declared the merger uncompetitive and something that consumers would pay the price for for years to come.

The merger must still meet with approval from European regulators before it can go ahead. See the previous blog about the news and details of reactions here.

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