Delta's CEO says the nastiest rivalry in the airline industry is more complex than people think (DAL) [The Business Insider]
Delta Air Lines, Inc. (DAL)
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Source: The Business Insider
Delta's CEO says the nastiest rivalry in the airline industry is more complex than people think Delta Air Lines CEO Ed Bastian. REUTERS/Clodagh Kilcoyne The on-going feud between America's three major legacy airlines and their three Middle Eastern rivals has been one of biggest stories in aviation over the past few years. From the beginning, American, Delta, and United (US3) have accused Emirates, Etihad, and Qatar Airways (ME3) of using $50 billion worth of unfair subsidies to squeeze competition out of markets by lowering prices to unsustainably low levels. The US3 believes these alleged subsidies are in violation of the OpenSkies agreement that governs air travel between the US and the United Arab Emirates and Qatar. The Middle Eastern carriers have denied these allegations. But, in recent months, political instability; failed investments; and a depressed oil economy have forced the Middle Eastern carriers to show more discipline when it comes to spending money. For instance
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