Air France-KLM Signs Transatlantic JV With Delta
May 20 2009 - 2:47AM
Dow Jones News
Franco-Dutch carrier Air France-KLM (AF.FR) has agreed to
jointly operate transatlantic routes, sharing revenue and costs,
with Delta Airlines Inc. (DAL), of the U.S.
The venture represents about 25% of the industry's total
transatlantic capacity and will sharpen the two airlines' ability
to compete against other airline alliances, the companies said in a
statement Wednesday.
Air France KLM and Delta already work together in the SkyTeam
multi-carrier alliance.
Based on 2008-2009 data, the annual joint venture revenue is
estimated at $12 billion.
The venture will run more than 200 transatlantic flights and
about 50,000 seats daily, they added.
Company Web sites: www.airfrance.com; www.delta.com.
-By A.H. Mooradian, Dow Jones newswires; +33 1 4017 1740;
art.mooradian@dowjones.com.