New Zealand today the Emirates/QANTAS alliance meaning the two carriers can now codeshare on each other’s trans-Tasman services and permitting through codeshare operation from New Zealand – Europe.
The Australian Competition and Consumer Commission gave full approval to the Emirates/QANTAS alliance today whilst placing a caveat that the two airlines cannot reduce capacity on the Brisbane – Auckland, / Sydney – Auckland, Melbourne – Auckland and Sydney – Christchurch routes on which they overlap.
The Australian Competition and Consumer Commission released a draft decision today granting Emirates and QANTAS permission for their alliance on the Kangaroo route. However the commission indicating that permission will be granted for a five year period and not the ten years requested.
Emirates announced figures for 2001 today. Operating revenue was up 14.9% to AED62.3 billion however profits dropped 72.1% to AED1.5 billion due to a 44.4% increase in fuel s.