There are global players in many industries and to get to be global often they acquire large national companies in countries to expand to those markets.
Why is it with Airlines that there are no global companies owning airlines across multiple nations?
Virgin is the closest I can think of and even they do not actually own the airlines, just the name in some places (Australia).
My only thought is that airlines are not exactly huge profit centres?
In: 201
They do exist, the two biggest in Europe are below:
International Airlines Group own British Airways, Iberia, Vueling, Level, Aer Lingus and a couple of cargo companies. They have also recently acquired Air Europa.
Lufthansa Group own Lufthansa, Austrian Airlines, Swiss International, Brussels Airlines, Air Dolimiti, Eurowings, ITA Airways and a few other airlines.
It is widely believed that both companies are considering buying TAP from the Portuguese government, who want to get rid of it as it has been loosing money for years.
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