BA, Qantas Explore Merger

British Airways today confirmed merger discussions with Qantas Airways. BA in a statement said it is "exploring a potential merger with Qantas Airways Limited via a dual-listed company structure," but warned, "There is no guarantee that any transaction will be forthcoming and a further announcement will be made in due course, if appropriate."

In addition to its newly disclosed discussions with Australia's flag carrier, BA said it continues to move forward with discussions in its planned merger with Spain's Iberia.