Tag: Yahoo Finance

US Approves Trans-Atlantic Joint Venture Without Alitalia

The U.S. Department of Transportation (DOT) has granted antitrust immunity to a trans-Atlantic joint venture that comprises Air France-KLM, Delta Air Lines Inc. (NYSE: DAL) and Virgin Atlantic while blocking financially struggling Alitalia from the pact. Cutting Alitalia from the joint venture is a further blow to the struggling Italian flag carrier as trans-Atlantic service is one of its few money-making services....