My finance view

Delta Air Lines Inc., Air France and KLM signed a deal Wednesday to combine two separate joint venture agreements into one to create a trans-Atlantic powerhouse expected to generate $12 billion in annual revenue, provide better travel options for customers and more closely align the carriers’ operations without a formal merger.

Passengers get more nonstop flights between major cities in the U.S. and Europe, while competition and the weak global economy likely will mean fares won’t be affected too much.

The airlines aren’t merging, and no subsidiary will be created, but airline consultant Darryl Jenkins said the equal sharing of revenue and costs regardless of who is flying the plane means the carriers essentially will act as one airline on certain routes payday loan cash advance loan.

"This is a very big deal," Jenkins said.

No new routes were announced beyond what the two previous agreements provided.

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