Analysis: Stricken Airlines Seek Lifeline from Transatlantic Opening

Diplomatic moves to ease transatlantic air travel could unleash fierce competition to entice passengers back into near-empty cabins at a time when tottering airlines can ill afford a price war in the world’s richest aviation market, Reuters reported. Talks between Brussels and Washington, D.C., on resuming mass travel for vaccinated tourists have raised hopes of a summer rebound - further buoyed by new EU reopening proposals. Airlines are desperate for good news after a year of COVID-19 lockdowns that pushed many to the brink of collapse, or into the arms of governments. The United States will reopen to Europeans in "a matter of the next two or three weeks", Lufthansa Chief Executive Carsten Spohr predicted last week. But the German airline boss also cautioned against any race to the bottom on fares. "The North Atlantic is historically the most disciplined traffic region," Spohr told investors. "I expect this discipline (to) prevail." United Airlines, American Airlines and Delta Air Lines have added summer routes to countries like Iceland and Greece that plan to welcome vaccinated travelers. Read more.