Delta, Northwest & Continental Set to Announce Code-Share

JetsMom

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Aug 20, 2002
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Time is running out. I hear phones ringing elsewhere, and our jobs are slipping right out from underneath our noses. We''ve got to pull it together, because obviously everyone else is going to beat us to the punch while we sit and ponder what was. We simply can''t look back.
Thursday August 22, 7:49 pm Eastern Time
Dow Jones Business News
Delta, Northwest and Continental Set to Announced Code-Share Deal
The Wall Street Journal
NEW YORK -- Delta Air Lines Inc. (NYSE:DAL - News) , Northwest Airlines Corp. (NasdaqNM:NWAC - News) and Continental Airlines Inc. (NYSE:CAL - News) are expected to announce as early as Friday a broad code-share agreement which will link their schedules both domestically and internationally, and allow their customers to use each other''s frequent-flier programs and airport lounges, according to people familiar with the deal.
The 10-year deal would basically fold the alliance of Northwest, KLM Royal Dutch Airlines and Continental, known unofficially as "Wings," into " SkyTeam," the alliance of Delta, Air France Group and others, according to a person familiar with the deal.
The agreement would likely draw tough scrutiny from regulators, due to competition concerns.
A recent code-share pact between US Airways (U) and UAL Corp.''s (UAL) United Airlines spurred the talks between Delta, Continental and Northwest. Spokesmen for the three carriers declined to comment Thursday.
US Airways Group Inc., the carrier''s parent, is reorganizing under Chapter 11 bankruptcy protection.
 
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