There are several levels of cooperation airlines can have,ranging from interline agreements to alliances to codeshares to joint ventures. Over the past few years we've seen a trend where the alliances have become less of a precedence, and joint ventures have become more of a precedence.
Why is the significance of the major alliances decreasing? Because while they were a fad for a while, and nowadays the alliances have so many members that airlines can't always add that much value for one another. Delta doesn't issue you elite qualifying miles for flights on Korean Air,even though they're both section of SkyTeam. And Qatar Airways is constantly threatening to leave oneworld over their battle with American.
Joint ventures are much more serious partnerships, as they truly align the goals of two airlines. This allows the airlines to coordinate schedules and fares, and involves full revenue sharing between airlines.
American already has several joint ventures. These include:The post What Are The Implications Of An American & LATAM Joint Venture? appeared first on One Mile at a Time.
Source: boardingarea.com