Alitalia has joined the Air France-KLM Group and Delta Air Lines as a member of what we're told is the airline industry's leading transatlantic joint venture. Launched in April 2009, the multi-party agreement created a single, coordinated network for customers flying across the Atlantic Ocean, allowing the member airlines to share revenues and costs on their transatlantic routes.
Through the four-way joint venture, passengers can access almost 250 flights and approximately 55,000 seats each day, now including 20 daily transatlantic flights to five U.S. destinations from Rome and Milan Malpensa airports. With Alitalia's addition, the joint venture represents approximately 26 percent of total transatlantic capacity, with annual revenues estimated at more than $10 billion.
Rome joins Amsterdam, Atlanta, Detroit, Minneapolis, New York-JFK and Paris-CDG as the core hubs of the joint venture, with additional transatlantic service from Cincinnati, Milan Malpensa, Memphis and Salt Lake City. Wherever traffic rights permit, the airlines offer customers codeshare service between the United States and the European Union, and in many cases beyond, creating one network for seamless airline-to-airline connections between points in North America and the European Union.
The joint venture's geographic scope includes all flights between North America and Europe, between Amsterdam and India and between North America and Tahiti.
Alitalia's addition to the joint venture is effective until at least March 31, 2022.
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