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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;

Stock News for Delta Air Lines (DAL)
07/30/201516:32:41Statement of Changes in Beneficial Ownership (4)
07/27/201516:31:49Statement of Changes in Beneficial Ownership (4)
07/27/201509:50:10Delta Air to Buy 3.55% Stake in China Eastern
07/27/201508:00:04Current Report Filing (8-k)
07/27/201507:30:00China Eastern and Delta solidify strategic partnership
07/24/201516:31:51Statement of Changes in Beneficial Ownership (4)
07/24/201516:31:51Initial Statement of Beneficial Ownership (3)
07/24/201515:30:00Delta Air Lines Declares Quarterly Dividend
07/24/201513:13:26Current Report Filing (8-k)
07/24/201513:00:00Delta Board of Directors Names Kathy Waller as Newest Member
07/24/201511:20:11U.S. Transportation Dept. Probes Airline Price Gouging Concerns
07/23/201519:30:32United, Southwest Post Record Profits
07/22/201514:20:09JFK, La Guardia Airport Workers Call Off Job Action
07/22/201512:10:08Chief of Pilots Union at Delta Air Lines Resigning
07/21/201516:32:07Statement of Changes in Beneficial Ownership (4)
07/21/201513:35:50Some JFK, La Guardia Airport Workers Plan Walk Out Starting Wednesday
07/18/201519:50:43Boeing Warns Carriers About Flying Bulk Shipments of Lithium...
07/18/201518:24:41Boeing Warns Carriers About Flying Bulk Shipments of Lithium...
07/15/201516:32:00Quarterly Report (10-q)
07/15/201510:20:41Delta Air Lines, Inc. Earnings: The Worst Is Over

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