"The big rate cuts are redrawing the competitive playing landscape for operators in each market, altering the economics," said Frédéric Doussard, an analyst at Oddo Securities in Paris.
Fontenla-Novoa, who will chair the joint venture, said the transaction was a "significant consolidation opportunity" in a market altered forever by low-cost airlines and increasingly slim profit margins on short-haul packages to "commodity destinations".
Will falling markets alter forecasts of equity culture growth in Germany?
While it's fashionable to decry U.S. economic prospects and to worship at the Chinese and emerging markets alter, if the critics would just tabulate the profits boom in American industry, they'd perhaps lighten up and get a smile.
More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally.
(As of the 1985-86 academic year, 16percentt of the tenure-track positions at business schools were going begging). Like the business community they serve, the top schools are redefining their markets, altering their strategies and building up their war chests.
Even more than what we wish for, the market alters how we wish.
C1 Housing Market Altered As refugees from New Orleans poured into Baton Rouge, along with workers who expect to help with the rebuilding effort along the Gulf Coast, the local housing market has suddenly experienced the kind of frenzy that has been associated with New York, Miami or Silicon Valley in the past few years.
Put in those terms, $10 billion over a decade, while surely a significant figure, isn't quite market altering if the market size numbers are right.
While 10 years and $10 billion is nothing to sneeze at, neither is it as market altering as it might appear, not when some are predicting the cloud will be $100 billion a year market very soon.
