The only agreement of equal access airline negotiations, concluded so far, though, is with the tiny Netherlands, a pact that followed Northwest’s deal with KLM.

The British are coming! The British are coming! And this time, they’re not coming by land or sea, but by air! That cry of alarm can be heard in Dallas, Chicago and Atlanta these days, as leaders of the top U.S. airlines wail about a threat to their hard-won global…