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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
05/27/201513:09:02Here's What This 149-Bagger Hedge Fund Has Been Buying and Selling
05/26/201517:48:55Statement of Changes in Beneficial Ownership (4)
05/26/201517:48:30Statement of Changes in Beneficial Ownership (4)
05/26/201512:00:00Delta Adds Boston, Orlando, Victoria and Pasco Service from Seattle
05/25/201522:50:15Boeing Helps Export-Import Bank Fight for Survival
05/21/201516:01:00Delta Files for New Non-Stop Service between Orlando, Florida...
05/21/201510:00:00Delta Joins CONCACAF as Official Airline of 2015 Gold Cup
05/20/201518:00:57Southwest's Upgraded Growth Plans Stir Airline Stocks
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201510:00:00Internet Memes Star At 30,000 Feet In Delta's New Safety Video
05/18/201511:20:29The Shocking Source of 2 Big Dividend Increases
05/18/201511:16:02Citigroup Sells Remaining Stake in Mexican Carrier Aeromexico
05/16/201510:34:03The Single Worst Practice of the Airlines
05/15/201516:33:34Statement of Changes in Beneficial Ownership (4)
05/15/201516:33:34Statement of Changes in Beneficial Ownership (4)
05/15/201509:30:00Delta offers a Pride First Class fare sale
05/13/201509:40:11Delta Boosts Dividend, Unveils Buyback
05/13/201507:01:27Current Report Filing (8-k)
05/13/201507:00:00Delta Announces Plan to Return Additional $6 Billion to Shareholders...
05/12/201512:23:06EU Accepts Measures By Three Airlines To Promote Transatlantic...

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