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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
12/06/201617:30:00Alaska Air, Virgin America Get U.S. Nod for Merger
12/02/201612:55:00Ned Walker to return to Delta as Chief Communications Officer
12/02/201609:01:32Current Report Filing (8-k)
12/02/201609:00:00Delta Reports Financial and Operating Performance for November...
12/01/201611:50:00Majority of Delta Pilots Approve New Labor Contract
12/01/201608:00:00Delta Returns to Cuba After 55-Year Hiatus
12/01/201606:40:00EU Challenges Washington Over Norwegian Air Delay
11/30/201609:30:00New York's Maialino brings a taste of a Roman trattoria on board
11/29/201608:00:00Delta to Donate $1.5 Million in Celebration of #GivingTuesday
11/29/201608:00:00UATP Partners With Paymagnet Making Contactless Payments More...
11/28/201618:00:00American Airlines, Qantas Drop Bid for Deeper Partnership Amid...
11/28/201613:20:00More U.S. Scheduled Flights to Havana on Tap
11/28/201611:41:00Delta CEO: Delta requires 'civility on our planes'
11/21/201616:40:00Statement of Changes in Beneficial Ownership (4)
11/21/201610:15:00Corporate Travel Managers rank Delta No. 1 U.S. airline for 6th...
11/16/201611:00:00Behind-the-scenes at SkyTeam's New Beijing Lounge
11/15/201611:12:00United Continental Postpones Boeing 737 Jets -- Update
11/15/201609:00:00Fly Delta app push notifications take stress out of checking...
11/14/201621:09:00Buffett's Berkshire Invests in Airlines -- 2nd Update
11/14/201617:30:00Buffett's Berkshire Invests in Airlines

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