This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

United Fears Delay in JAL Resolution

Currently, American and JAL are in Oneworld; United and ANA are in Star; and Delta is in Skyteam. Through its 2008 acquisition of Northwest, Delta secured a Tokyo hub with beyond rights. Northwest and Pan Am were both awarded Tokyo hubs with beyond rights in 1947: United purchased the Pan Am operation in 1985 for $750 million, widely considered the best deal ever made by an airline. United remains the largest U.S. carrier in the Pacific region, in terms of capacity, despite the Delta/Northwest merger.

In recent decades, partially because of the unprecedented rights held by the two U.S. carriers, Japan has been reluctant to grant additional access, and the bilateral aviation agreement between the U.S. and Japan has long been among the world's most restrictive. That is changing, however. "We are at a historic crossroads, with a once in a decade-opportunity with open skies, after 11 years of discussion between the two countries," Schwab said.

The recent opening of Tokyo Haneda Airport also plays a role in the talks. The Japanese would like to maintain Narita's strength, while also encouraging service to Haneda. their solution is to open Haneda to U.S. flights between 10 p.m. and 7 a.m., when Narita is closed. The hours are not conducive to trans-Pacific flight schedules, but U.S. negotiators have agreed to consider Haneda flights as part of an open skies agreement that would provide unlimited rights to Tokyo. Schwab said United would be likely to operation at least one and possibly two flights to Haneda, providing flight options at a different time of day.

-- Written by Ted Reed in Charlotte, N.C. .

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DAL $44.09 -0.97%
AAPL $124.26 0.71%
FB $83.03 0.13%
GOOG $555.30 -0.62%
TSLA $190.41 -2.00%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,058.77 -2.28 -0.11%
NASDAQ 4,868.2270 -8.2920 -0.17%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs