American Airlines will do everything it can to keep Qatar out of the U.S. market, CEO Doug Parker told CNBC’s “Halftime Report” on Friday. Last month, Qatar Airways expressed intent to acquire about a 10 percent stake in American Airlines. On Friday, Parker said Qatar Airways needs to receive government approval for its plan and he has not heard any updates. Qatar Airways refiled its request, Parker said, leading him to believe it still has not been approved.
Earlier this month, American announced it was canceling code-share agreements with Qatar Airways and Etihad Airways because they were allegedly receiving “illegal” government subsidies. Those deals allow airlines to book passengers on each other’s flights. Both airlines deny they are subsidized.
“It’s not fair, and our job is to make sure that we point out that it’s not fair and do everything we can to stop them from being able to expand into our markets and take away American jobs,” Parker said.
Source Credit: CNBC
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