This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Delta Forms Venture With Air France

By 2010, the venture will expand to include all trans-Atlantic flights by both carriers, plus Los Angeles-Tahiti flights. Beyond a baseline formula, profits will be split equally.

In key ways, the joint venture resembles the 14-year-old alliance between KLM and Northwest (NWA). In both cases, antitrust immunity allows carriers to discuss fares, schedules and marketing. In 2004, Air France acquired KLM.

KLM and Northwest "have had incredible success," Hauenstein said. "But if they can make such a success of Detroit to Amsterdam, what kind of success can we have" on stronger routes like Atlanta and New York to Paris?

The venture enhances de Gaulle's potential as an alternative to congested Heathrow, where airline growth is severely limited. While Heathrow is a magnet for London business traffic, "we can take traffic that would flow through other hubs including Heathrow and move that onto Delta/Air France," Hauenstein said.

This summer, Air France, KLM, Delta, Northwest and two other partners filed with the Transportation Department for shared immunity. Looking ahead, Delta said, approval could lead to a four-way joint venture agreement and, ultimately, the integration of trans-Atlantic operations.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DAL $43.18 0.00%
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%
TSLA $247.73 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs