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Chile's antitrust court has approved a plan by LATAM Airlines to deepen its ties with American Airlines, British Airways and Iberia, LATAM Airlines said. The company's CE said the TDLC court had approved the linkup between the aviation firms in relation to both passenger and cargo planes. “This decision sets an important precedent for commercial aviation in our region," said Enrique Cueto. "As has been shown in other parts of the world where these alliances already exist, it represents an opportunity to ensure the growth of the industry, increase passenger traffic and generate more tourism and business travel and bolster the economy." The agreements have already been approved by authorities in Uruguay, Colombia and Brazil. <br/>

Japan Airlines posted a 2.3% fall in operating profit to JPY96.8b (US$855m) for the 6 months to Sept 30 as higher fuel costs offset stronger passenger demand in key markets. Revenue for the half-year period rose 8.4% to JPY750b, with a 7.1% increase in international revenue, and a 1.2% rise across its domestic network. Cargo revenue also rose 5.6%. Expenses increased 10% to JPY653b, as fuel costs rose 23%. Other costs also increased 7%. Net attributable profit declined 5.9% to JPY73.3b. During the 6 month period, the carrier established TBL Co, which will form the basis of a new medium- and long-haul low-cost carrier. “Preparations have begun to launch medium- and long-haul flights to destinations in Asia, Europe and the Americas from its base at Tokyo (Narita) International in 2020,” it says. <br/>