British Airways chief executive Rod Eddington has urged the European Commission to "keep its sights high" when open aviation area talks resume next week.

BRITISH AIRWAYS, Europe’s largest airline by passenger numbers, may revive a plan to merge with AMR Corp’s American Airlines if regulators allow Air France to take over KLM Royal Dutch Airlines .

AMR Corp's American Airlines has asked its employees to accept a salary freeze, the company said in a statement.

American Airlines' parent company has posted massive losses.

Share prices posted slight gains on light volumes in early trade, with a lot of the buying interest concentrated in a few well-known names, with many market players absent ahead of the Christmas holidays, dealers said.

The US Government is investigating trading in shares of 38 companies, including major airlines, cruise lines, General Motors and Raytheon, to determine if people used advance knowledge of the terror attacks to profit.

Continental Airlines announced Saturday that it is cutting its schedule of flights by 20% and laying off 12,000 employees due to the reluctance of both business and leisure travelers to return to the skies after Tuesday's terrorist attack on the United States.