Sir Richard Branson, CEO of Virgin Atlantic, is in opposition to a proposed merger between American Airways and British Airways which he calls "an anti-competitive agreement which will inevitably lead to less competition and higher fares."
His letter is directed towards presidential candidates John McCain and Barack Obama. Airlines are seeking ways to cuts costs with high fuel prices and BA is reportedly willing to cut "hundreds" of flights across the Atlantic to secure this deal.
BA saw an 88% drop in profits this year in a 3 month period. BA is also seeking a merger deal with Spanish airline Iberia.
