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( - The two carriers plan to extend their cooperation in the North Atlantic market
- A similar request was filed to cover multilateral agreements in the same market by some members of the oneworld airline alliance

Madrid, July 24th, 2007
Iberia and American Airlines have signed a framework agreement to extend their commercial and operational cooperation in areas such as code sharing, customer loyalty programmes, routes and flight schedules, advertising and promotion, revenue management (prices and inventories), freight, sales, and IT systems, among others, and have submitted this agreement to the United States Department of Transportation (DOT) in a request for anti-trust immunity in the coordination of these activities.

Simultaneously, the two airlines, along with their oneworld alliance partners Finnair, Málev and Royal Jordanian, have submitted a similar framework agreement to the DOT covering a broadening of their multilateral cooperation in transatlantic markets, also to request anti-trust immunity.

This alliance would bring significant improvements in service and a wider choice to customers, while yielding major synergies that would benefit not only the companies involved but also, and especially, their passengers and freight customers, while enhancing competitiveness with other alliances on a large number of additional routes.

Key benefits to customers would include, amongst others, the possibility to access more destinations with a wider choice of flight times, more lower fares on more routes, even more attractive frequent flyers programmes, more options for exchanging tickets, and an increase in passenger services throughout each journey.

For airlines, the improved cost structure would allow them to serve a broader range of destinations more effectively.

Such a framework for cooperation would make it possible to compete more effectively against other airline alliances that have already obtained anti-trust immunity for the coordination of their activities.

Today, Iberia is Spain’s leading airline and also leader on routes linking Europe with Latin America. It posted an operating income of about 5.4 billion euros, net earnings of 116.1 million euros and an Ebitdar of 790.5 million euros in 2006. It is also distinguished by its commitment to socially and environmentally responsible conduct. Along with its franchise partner Iberia Regional, Iberia operates some 1,000 flights each day to about 100 different destinations. Last year, Iberia carried a total of 33 million passengers. It is a member of the oneworld airline alliance, along with American Airlines, British Airways, Cathay Pacific, Finnair, JAL, LAN, Malev, Qantas and Royal Jordanian.

For further information:
International Press Office
Tel.: +34 91 587 7732 / 7462 / 7465
Fax: +34 91 587 7469

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