It looks like American and Qantas are being granted their wish, as the Department of Transportation has approved the joint venture that they’ve been wanting for years.
What is a joint venture?
A joint venture is the highest level of cooperation you can have between two airlines.
When airlines form a joint venture they coordinate pricing and schedules in a given market, and have a revenue sharing agreement. Exactly how that revenue sharing agreement works depends on the specific situation, but [...]