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?
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Because there are alliances of airlines instead, who have come to some sort of major cooperation agreement. They tend to be distributed in such a way that they serve globally. The main 3 are Star Alliance, SkyTeam, and Oneworld.
Some of the benefits of an alliance include: shared aircraft hubs (main airports of operation), assisting with passenger transfers, reducing costs of catering, ground staff, and operating systems, as well as increased profits by making it easier for passengers to access premium facilities like lounges.
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