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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; [email protected]

Stock News for Delta Air Lines (DAL)
DateTimeHeadline
01/12/201713:00:00Delta Kicks Off Fifth Consecutive Year of Growth in Seattle with...
01/12/201709:35:00Hot Stocks to Watch in the U.S. and Canada
01/12/201707:01:27Current Report Filing (8-k)
01/12/201707:00:00Delta Air Lines Announces December Quarter and Full Year 2016...
01/07/201707:29:00Airlines Face New Test Amid Rising Fuel Prices, Labor Costs
01/06/201715:08:00Thoughts and prayers following shooting at Fort Lauderdale International...
01/05/201716:31:45Amended Statement of Changes in Beneficial Ownership (4/a)
01/05/201709:00:00Delta Air Lines Announces Webcast of December Quarter and Full...
01/04/201709:01:05Current Report Filing (8-k)
01/04/201709:00:00Delta Reports Financial and Operating Performance for December...
12/21/201616:31:42Statement of Changes in Beneficial Ownership (4)
12/21/201608:00:00Delta and Aeromexico to Launch Historic Partnership
12/20/201616:31:31Statement of Changes in Beneficial Ownership (4)
12/19/201616:31:50Statement of Changes in Beneficial Ownership (4)
12/19/201608:00:00Delta and Alaska Airlines Will End Partnership in May 2017
12/16/201613:25:00Delta employees build brighter holidays for needy kids
12/15/201608:02:14Current Report Filing (8-k)
12/09/201613:45:00Delta welcomes Dan Csont as Vice President of Brand Management
12/08/201616:31:42Statement of Changes in Beneficial Ownership (4)
12/08/201609:00:00Delta Air Lines Hosts Investor Day on Dec. 15, 2016

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