Delta, Virgin gain tentative approval for trans-Atlantic venture

Delta Air Lines (DAL) secures initial U.S. approval for its planned trans-Atlantic alliance with Virgin Atlantic after the Department of Transportation concluded it likely would boost competition.

Antitrust immunity would allow the two airlines to combine schedules, marketing and revenue from their trans-Atlantic flights.

The decision could have a bearing on any effort by American Airlines (AAMRQ.PK) to draw US Airways (LCC) into its existing trans-Atlantic partnership if they overcome U.S. government opposition to their proposed merger.

From other sites
Comments (1)
  • BPinky
    , contributor
    Comments (12) | Send Message
    I think I had faith in the wrong person. This one wants to allow more jobs go away while showing favoritism to another airline.
    16 Sep 2013, 09:14 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs