Delta Buries The Hatchet With A4A, Set To Rejoin Next Year
Zacks Investment Research | Dec 18, 2019 11:26PM ET
Delta Air Lines, Inc. (NYSE:DAL) announced plans to rejoin Airlines for America (A4A), the trade organization for leading U.S. passenger and cargo airlines, after having severed ties with the organization four years ago on policy disagreements.
Members of the organization include Alaska Airlines, the subsidiary of Alaska Air Group (NYSE:ALK) , American Airlines (NASDAQ:AAL) , Atlas Air Worldwide, FedEx (NYSE:FDX) Express, Hawaiian Airlines, JetBlue, Southwest (NYSE:LUV) , United Airlines, UPS and Air Canada. Delta will officially rejoin A4A in 2020 to promote sustainability initiatives, fight undue passenger taxes and support policies that facilitate travel experience.
Why Delta Left A4A
The Zacks Rank #3 (company) left A4A in .
The disagreements between the two parties surfaced when A4A refrained from supporting Delta on allegations that the Gulf carriers, namely Emirates, Etihad and Qatar airlines got undue advantage by receiving government subsidies. Delta and A4A were also at opposite poles on air traffic control reforms.
Delta Air Lines, Inc. Price
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.