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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
09/27/201609:00:00Delta, Air France-KLM extend codeshare co-operation with Jet...
09/27/201608:00:00UATP Partners With dLocal To Offer Its Network Of Local Payment...
09/27/201608:00:00Delta's 12th Annual 'Breast Cancer One' Survivor Flight Takes...
09/23/201614:05:00Delta Unveils Flagship Delta Sky Club at Atlanta Concourse B
09/22/201611:10:00Delta, Growing its L.A. Portfolio, Celebrates 'Official Airline...
09/20/201611:20:00Delta adds to trans-Pacific network with new Virgin Australia...
09/16/201611:50:00Spare Electronics Battery Extinguished Aboard Delta Flight
09/16/201611:40:00Spare Electronics Battery Extinguished Aboard Delta Flight
09/15/201608:00:00UATP Teams With Affirm To Deliver New Payment Solutions For Its...
09/14/201621:30:00NTSB Urges New Safety Rules for Jets on Slippery Runways
09/14/201611:14:00Porsche and Delta Private Jets Partner to Redefine Luxury and...
09/11/201621:30:00U.S. Airlines Offer More Coach Choices
09/09/201616:00:00Seahawks Throw for Delta SkyMiles with Launch of 12status Engagement...
09/08/201609:00:00Delta Employees to Build Eight Habitat for Humanity Homes in...
09/07/201614:42:00Airline Stocks Soar on Revenue Outlook
09/07/201613:00:00Delta and Korean Air Strengthen Partnership with New Flights...
09/07/201608:01:39Current Report Filing (8-k)
09/06/201611:20:00Bombardier Cuts 2016 CSeries Delivery Guidance
09/06/201604:30:00British Airways Check-In Glitch Causes Delays
09/02/201611:30:00Delta's August Passenger Revenue Falls, Hurt by Computer Outage

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