Delta gains 132 LaGuardia slots
Date: Wednesday, October 12, 2011, 11:54am EDT
Delta Air Lines and US Airways have cleared another hurdle in their plan to swap take-off and landing rights at Reagan National Airport.</SPAN></SPAN>
The DOT approved a deal that gives Atlanta-based Delta (NYSE: DAL) 132 additional slots at LaGuardia and US Airways (NYSE: LCC) 42 more slots at National, Bloomberg News reported, citing a DOT filing.
The Justice Department continues to review US Airways' gains at National on anti-competitive concerns, but has dropped its review of Delta's gains at LaGuardia, Bloomberg said.
In July, DOT said it would allow the swap subject public comment and to conditions that include the airlines giving up some slots at the two airports to competing airlines.
This week's decision is the latest chapter the airlines' two year attempt to get the swaps approved. Regulators initially insisted the airlines divest more slots to competitors, but have since noted the increased presence of low-cost carriers at the two airports.
Bye Bye--General Lee