Current:Home > MarketsDelta and an airline that doesn’t fly yet say they’ll run flights between the US and Saudi Arabia -Horizon Finance School
Delta and an airline that doesn’t fly yet say they’ll run flights between the US and Saudi Arabia
View
Date:2025-04-19 00:12:31
Delta Air Lines said Tuesday it has entered into a partnership with startup Riyadh Air with the goal of operating flights between the United States and Saudi Arabia.
Riyadh Air, which plans to begin passenger flights next summer, is backed by Saudi Arabia’s sovereign-wealth fund and is part of the country’s plan to diversify its oil-based economy and boost tourism.
Atlanta-based Delta and Riyadh did not give a timetable for beginning flights or financial details around their partnership. Their CEOs said neither airline is taking an ownership stake in the other.
Delta CEO Ed Bastian and Riyadh Air CEO Tony Douglas said they envision selling tickets on each other’s flights — a practice known as codesharing — that requires approval from the U.S. Transportation Department.
They said the partnership could grow into a full-blown joint venture. That step would require immunity from U.S. antitrust laws for the carriers to collaborate on prices and share revenue.
Bastian said he expects much of the early traffic to be passengers flying to the United States, but that it will even out over time as tourism to Saudi Arabia grows.
No U.S. airline flies to Saudi Arabia. Saudia, the kingdom’s flag carrier, operates nonstop flights between Saudi Arabia and New York, Dulles International Airport outside Washington, D.C., and Los Angeles.
veryGood! (7)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Experts say global tech outage is a warning: Next time could be worse
- Carroll Fitzgerald, former Baltimore council member wounded in 1976 shooting, dead at 89
- Rare orange lobster, found at Red Lobster, gets cool name and home at Denver aquarium
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- It Ends With Us: Blake Lively Will Have Your Emotions Running High in Intense New Trailer
- Vermont farmers take stock after losing crops to flooding two years in a row
- I won't depend on Social Security alone in retirement. Here's how I plan to get by.
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Gen Z: Many stuck in 'parent trap,' needing financial help from Mom and Dad, survey finds
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Political divisions stall proposed gun policies in Pennsylvania, where assassin took aim at Trump
- Authorities recapture fugitive who used dead child's identity after escaping prison in 1994
- The Daily Money: Save money with sales-tax holidays
- Travis Hunter, the 2
- Julia Fox’s Brunette Hair Transformation Will Have You Doing a Double Take
- Gen Z: Many stuck in 'parent trap,' needing financial help from Mom and Dad, survey finds
- Blinken points to wider pledges to support Ukraine in case US backs away under Trump
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
'Hello Kitty is not a cat': Fans in denial after creators reveal she's 'a little girl'
Political divisions stall proposed gun policies in Pennsylvania, where assassin took aim at Trump
Check your VPN, abortion seekers. New 'Vagina Privacy Network' aims to keep data safe
Skins Game to make return to Thanksgiving week with a modern look
Experts say global tech outage is a warning: Next time could be worse
US flexed its muscles through technology and innovation at 1984 Olympics in Los Angeles
Drone strike by Yemen’s Houthi rebels kills 1 person and wounds at least 10 in Tel Aviv