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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
04/29/201617:26:11Additional Proxy Soliciting Materials (definitive) (defa14a)
04/29/201617:09:22Proxy Statement (definitive) (def 14a)
04/29/201617:05:30Statement of Changes in Beneficial Ownership (4)
04/29/201608:08:00Delta Air Lines and CLEAR Partner to Improve Airport Experience
04/29/201608:00:00Delta leverages RFID, introduces innovative baggage tracking...
04/29/201607:20:00Delta Air Lines in Deal for 37 Airbus A321s
04/29/201607:11:00Delta Air Lines in Deal for 37 Airbus A321s
04/29/201607:00:00Delta Orders Additional Airbus A321 Jets
04/28/201618:30:00Groupon's Quarterly Loss More Than Triples on Spending Rush
04/28/201607:50:00Bombardier Confirms Large Delta CSeries Order
04/28/201606:00:00Delta Orders State-of-the-Art, Fuel-Efficient Bombardier C Series
04/27/201615:55:00Delta Air Lines Declares Quarterly Dividend
04/27/201603:02:00Currency Trading: Weak Dollar Gives Boost to U.S. Earnings...
04/26/201619:20:00Weak Dollar Gives a Lift to U.S. Earnings
04/26/201619:08:00Weak Dollar Gives a Lift to U.S. Earnings
04/25/201610:30:00Industry veterans, New Yorkers to head up Delta's continued leadership...
04/21/201615:00:00Boeing Considering New 737 Model
04/20/201616:32:02Statement of Changes in Beneficial Ownership (4)
04/20/201616:32:02Statement of Changes in Beneficial Ownership (4)
04/19/201616:31:56Statement of Changes in Beneficial Ownership (4)

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