ADVFN - Advanced Financial Network.
HOME» NYSE » D » DAL Stock Price » DAL Stock News

Delta Air Lines Share News

 Delta Air Lines (de) Stock Price
DAL Stock Price
 Delta Air Lines (de) Stock Chart
DAL Stock Chart
 Delta Air Lines (de) Stock News
DAL Stock News
 Delta Air Lines (de) Company Information
DAL Company Information
 Delta Air Lines (de) Stock Trades
DAL Stock Trades

EU Opens Antitrust Probe Into Airline Venture

By Matina Stevis and Doug Cameron Of DOW JONES NEWSWIRES European regulators have opened a new probe into the trans-Atlantic joint venture involving Air France-KLM SA (AF.FR, AFLYY), Delta Air Lines Inc. (DAL) and Alitalia SpA. Members of the three marketing pacts that dominate the global airline industry have in recent years been allowed by EU and U.S. regulators to coordinate fares, flights and sales, despite misgivings from some lawmakers and consumer groups. The pact between involving Delta and its partners in the SkyTeam grouping is seen as the deepest in the industry, and the European Commission said it wanted to take another look at the competitive impact. Aviation lawyers don't expect Brussels to unwind the cooperation, but said they could require some more concessions and also turn their attention to the deal involving members of the Star alliance, which includes United Continental Holdings Inc. (UAL) and Deutsche Lufthansa AG (LHA.XE, DLAKY). "The Commission will investigate whether the [SkyTeam] 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 European regulators said in a statement. Members of SkyTeam and Star made limited concessions to win their original approvals. But in 2010 the Commission and the U.S. transportation department required British Airways, its Spanish merger partner Iberia and the American Airlines unit of AMR Corp. (AAMRQ) to divest valuable slots at London's congested Heathrow airport to secure backing for their own enhanced cooperation within the Oneworld alliance. Delta said the new probe focused only on a small number of routes and said it was confident any concerns expressed by the Commission could be resolved. "The four airlines will cooperate fully with the Commission in this matter," said Air France-KLM. The Commission continues to monitor the pact involving Star members. United declined comment. U.S. regulators have in recent years given members of all three alliances antitrust immunity to intensify cooperation. European and U.S. transportation officials included more scrutiny of competition matters in the landmark open skies aviation pact agreed in 2007. The latest EU probe will be closely watched as more airlines, including those outside the three big alliance groups, seek antitrust immunity for closer cooperation. The outcome could also affect the fate of American, which is being courted by potential partners from inside and outside its own Oneworld partnership as it restructures under bankruptcy court protection. The EU also announced that it would close formal antitrust proceedings on eight airlines in the SkyTeam alliance: Aeromexico, Air France, Alitalia, Continental Airlines, Czech Airlines JSC, Delta Air Lines, KLM and Korean Air Lines Co. (003490.SE). -By Matina Stevis and Doug Cameron, Dow Jones Newswires; +32 (0)2 741 1 483; matina.stevis@dowjones.com

Stock News for Delta Air Lines (DAL)
DateTimeHeadline
05/29/201510:00:00Delta details accomplishments toward improved sustainability...
05/28/201512:30:00Delta employees take delivery of new Airbus A330-300 aircraft
05/28/201508:20:45Etihad Says Growth Threatened by Protectionism
05/28/201503:31:57Abu Dhabi's Etihad Posts 52% Profit Jump
05/27/201516:47:37Statement of Changes in Beneficial Ownership (4)
05/27/201516:47:12Statement of Changes in Beneficial Ownership (4)
05/27/201515:00:00Delta to present at Deutsche Bank Global Industrials and Basic...
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

Delta Air Lines and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad