qantas

Qantas has agreed to further compensate passengers affected by its move to ground its entire fleet over a dispute with unions.

Qantas is cutting capacity growth, retiring aircraft early and shedding managers in response to natural disasters in key destinations and rising fuel costs that it says poses its biggest threat since the global financial crisis, Australia's national carrier said Wednesday.

Industry sources say American Airlines will team with British Airways and Qantas to make a joint alliance offer for troubled Japan Airlines