Delta, US Airways Revise New York-D.C. Slot-Swap Plan - Business Travel News

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Delta, US Airways Revise New York-D.C. Slot-Swap Plan

May 23, 2011 - 05:10 PM ET

By Jay Boehmer

Delta Air Lines and US Airways amended their long-pending slot swap deal at New York LaGuardia and Washington D.C. Reagan National airports, pending regulatory approvals.

According to an agreement filed with the Federal Aviation Administration on Monday, Delta would gain from US Airways 132 LaGuardia slot pairs in exchange for 42 slot pairs at National, $66.5 million and rights to serve Sao Paulo, Brazil, in 2015. "The transaction could result in the divestiture of up to 16 slot pairs at LaGuardia and eight slot pairs at Reagan National to airlines with limited or no service at those airports," according to the carriers.

The agreement requires the approval of the U.S. Department of Transportation, which in a May 2010 final decision ruled a previous agreement between the carriers did not pass regulatory muster, approving the deal only on the condition that they divest 20 slot pairs at New York's LaGuardia and 14 pairs at Reagan Washington National airports. In that deal, itself revised to appease prior regulatory objections, Delta was to gain 110 slot pairs at LaGuardia, but give up five slot pairs apiece to AirTran, Spirit and WestJet. US Airways, meanwhile, would have received 37 slot pairs at National, deferring the remaining five slot pairs to JetBlue.

In the original plan, announced in August 2009, Delta was to gain 125 LaGuardia slot pairs, while US Airways would get control of 42 National slot pairs. 

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