Oneworld alliance members are to explore whether they can jointly ease their fuel expenditure, as the soaring cost of oil threatens to undermine the group’s relatively strong financial position.

While joint fuel purchase has not been a particularly extensive activity within Oneworld, the alliance’s procurement group is to meet next week to discuss the carriers’ options.

Speaking at a briefing during the IATA annual general meeting in Istanbul, Oneworld managing partner John McCulloch said the alliance felt it needed to “be a bit more aggressive” in dealing with the matter.

“We will be looking at this and trying to solve the two issues which have held us back,” he says. Joint fuel purchase has remained a sideline activity, he says, becaus

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