Airline Alliances are agreements formed by several airlines to establish a co-operation in the global aviation industry. This co-operation helps the airlines better their performance with respect to air transport and customer service. Though the degree of cooperation differs between alliances, an airline alliance is definitely more helpful for small airlines. There are three major international airline alliances namely SkyTeam, Star Alliance and Oneworld. One of the modern alliance is that formed by cargo airlines. This alliance is known as WOW Alliance. Details about each alliance is given below