Delta and US Airways receive DOT slot-swap approval

Delta Air Lines (Atlanta) and US Airways (Phoenix) welcomed the decision by the Department of Transportation (DOT) on October 10 to approve the proposed slot transaction at New York-LaGuardia and Washington-Reagan National airports, subject to certain conditions.

On May 23, 2011 Delta and US Airways announced a new agreement to transfer takeoff and landing rights at New York’s LaGuardia and Washington D.C.’s Reagan National airports, which will enable the carriers to expand service and increase competition at two of the nation’s key cities, and provide the opportunity for additional access to LaGuardia and Reagan National for new entrants and airlines with a limited presence at the airports.

Under the new agreement, Delta will acquire 132 slot pairs at LaGuardia from US Airways and US Airways will acquire from Delta 42 slot pairs at Reagan National, as well as the rights to operate additional daily service to Sao Paulo, Brazil in 2015. Delta also will pay US Airways $66.5 million in cash. In addition, the airlines will divest 16 slot pairs at LaGuardia and eight slot pairs at Reagan National to airlines with limited or no service at those airports.

A slot pair is the authority to operate one takeoff and one landing.

Copyright Photo: Bruce Drum. Please click on the photo for information on the Delta Shuttle.