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EU Opens Antitrust Investigation Into Air France-KLM, Alitalia, Delta Tie-up

BRUSSELS -(Dow Jones)- The European Union's competition body will investigate the tie-up between Air France-KLM (AF.FR), Alitalia SpA and Delta Air Lines Inc. (DAL) to establish whether it breaches EU antitrust rules. "The goal is to ensure that this tie-up does not harm passengers on EU-U.S. routes," the European competition commission wrote in a formal announcement circulated to the press Friday. "An opening of proceedings means that the Commission will deal with the case as a matter of priority, it does not prejudge the outcome," it added. The airlines are part of the SkyTeam alliance and in 2009-2010 signed a joint-venture agreement for routes between Europe and North America, coordinating their operations as well as deciding to share revenues. "The Commission will investigate whether the partnership may harm passengers on certain EU-U.S. routes where, in the absence of the joint venture, the parties would be providing competing services," the announcement said. The EU simultaneously announced that it would close formal antitrust proceedings on eight SkyTeam member airlines -Aeromexico, Air France, Alitalia, Continental Airlines, Czech Airlines JSC, Delta Air Lines, KLM and Korean Air Lines Co. (003490.SE). -By Matina Stevis, Dow Jones Newswires; +32 (0)2 741 1 483; matina.stevis@dowjones.com

Stock News for Delta Air Lines (DAL)
DateTimeHeadline
05/26/201617:10:00Gogo Cancels Bond Sale While It Negotiates Airline Internet Deal
05/26/201611:30:00Delta Connection Breaks Record for No-Cancel Streak
05/26/201608:00:00Delta launches year-round service from New York-JFK to Edinburgh
05/25/201613:00:00Delta adding staff, funding to ease summer security lines
05/24/201608:00:00Running on empty? Fill up in flight with Delta's Flight Fuel
05/23/201616:16:00Delta Comfort+ now available as a fare for flights to Asia and...
05/19/201616:32:39Statement of Changes in Beneficial Ownership (4)
05/19/201616:32:13Statement of Changes in Beneficial Ownership (4)
05/18/201616:32:06Statement of Changes in Beneficial Ownership (4)
05/18/201613:00:00Southwest Raises Dividend, Approves Stock Repurchase
05/18/201608:20:00Airline Trade Group Forecasts Record U.S. Carrier Passenger Numbers...
05/17/201614:18:00Delta Marks Pride Month with Fare Sale
05/16/201615:20:00Delta Raises Dividend, Plans Wrap Up of Repurchase Program
05/16/201608:32:28Current Report Filing (8-k)
05/11/201616:33:08Statement of Changes in Beneficial Ownership (4)
05/11/201609:40:00Alaska Airlines, JetBlue Top J.D. Power Airline Satisfaction...
05/11/201609:00:00112 airports go purple for Delta Day of Hope to cancel cancer
05/10/201616:40:00Delta Air Lines to Present at Bank of America Merrill Lynch 2016...
05/10/201616:33:36Statement of Changes in Beneficial Ownership (4)
05/10/201616:30:58Statement of Changes in Beneficial Ownership (4)

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