Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Delta, Virgin Get Tentative U.S. Approval to Align Fares

Aug. 30 (Bloomberg) -- Delta Air Lines Inc. and Virgin Atlantic Airways Ltd., the carrier majority owned by U.K. billionaire Richard Branson, won tentative U.S. approval of antitrust immunity to let them coordinate fares and schedules.

Final authorization would allow the airlines to combine their networks and complete a commercial relationship driven by Delta’s recent purchase of a 49 percent stake in Virgin, the U.S. Department of Transportation said today in a filing. Anthony Black, a spokesman for Delta, confirmed the filing.

The carriers have a code-share agreement enabling bookings to be made on each other’s jets on one itinerary, and antitrust immunity would deepen the ties with steps such as sharing costs as though they were a single entity. U.S. and European laws ban foreign majority ownership of airlines.

“Delta and Virgin were confident that the significant benefits for consumers would be recognized, including more choices in flight schedules, services and fares,” Black said in an e-mail.

Delta, based in Atlanta, bought the stake in Virgin from Singapore Airlines Ltd. for $360 million this year to add trans-Atlantic flights, the world’s richest market for premium passengers. The move is a challenge to British Airways and AMR Corp.’s American Airlines, which now control more than half of that service.

To contact the reporter on this story: Mary Jane Credeur in Atlanta at mcredeur@bloomberg.net.

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.