Seeking Alpha

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 (14) | 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