06-Jul-2010 4:03 PM
Alitalia joins Air France-KLM and Delta in trans-Atlantic JV: Europe share wrap
Analysis
Alitalia has announced it will join Air France-KLM's trans-Atlantic JV with Delta Air Lines, as part of a long-term agreement effective until at least 31-Mar-2022. The addition of Alitalia increases the JV's capacity to approximately 26% of total trans-Atlantic capacity, with annual revenues estimated at more than USD10 billion. Shares in Air France-KLM dipped 1.8% yesterday.
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