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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
04/24/201408:05:13Virgin Atlantic Sees Return to Profit Aided by Delta Air Ties...
04/23/201409:34:30U.S. Hot Stocks: Hot Stocks to Watch
04/23/201408:40:05Delta Air Lines Profit Jumps, Despite Weather Troubles
04/03/201417:14:36Delta Seeks Offers from Boeing and Airbus for New Jets
03/10/201413:11:08Major U.S. Airlines Tote Up Effects of Winter Storms
02/20/201418:16:23ADR Shares End Higher; Gol Shares Active
02/20/201401:10:37Air France-KLM to Buy Stake in Brazil's Gol
02/20/201400:44:41Air France-KLM To Buy Stake in Brazil's Gol
02/12/201416:09:26Atlas Air Sees Slide in Pentagon Flying
02/06/201419:00:26TSA Bans Carry-On Liquids on Flights to Russia
01/21/201408:40:09Delta 4th-Quarter Net Income Soars
01/17/201415:30:16Earnings Season Heats Up -- Week Ahead
12/06/201309:25:14U.S. Hot Stocks Futures: Hot Stocks to Watch
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:10:30Caxton Associates LP 3Q 13F: Largest Eliminations
11/15/201309:10:28Caxton Associates LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:10:27Caxton Associates LP 3Q 13F: Holdings As Of Sep 30

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