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Stock impact report

Global airlines are governed by strict 'freedoms of the air' dating back 80 years. They've created some funky routes. [Business Insider]

QANTAS AIR LTD S/ADR NEW (QABSY) 
NASDAQ:AMEX Investor Relations: qantas.com/travel/airlines/investors/global/en
The fifth freedom can give airlines a competitive edge and help capitalize on demand. Over the past 100 years of shuttling people around the globe in metal flying machines, the world's aviation network has grown into a vast web of intersecting routes that connect nearly every corner of the globe. Because of the complexities of crossing international borders, commercial carriers follow what is known as the "freedoms of the air" — or the right for an airline to operate within a nation other than its own. These building blocks of aviation make international connectivity possible. According to the International Civil Aviation Organization, or ICAO , there are five official freedoms and four other "so-called" rights, that have been outlined in agreements between countries. ICAO is an agency of the United Nations that sets standards for the global aviation industry. Drafted in 1944 during what is known as the Chicago Convention, the laws were written as world governments relaxed Show less Read more
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