Delta wins right to stay at Dallas airport after lawsuit

→ Mysterious Gold Leverage Just Announced (From Stansberry Research) (Ad)

DALLAS (AP) — Delta Air Lines will be able to continue operating flights at Dallas Love Field for another six years, under a settlement approved by the city council.

The agreement, which passed without debate this week, appears to end a long court fight over gates at the city-owned airport near downtown Dallas that is dominated by Southwest Airlines.

Delta has shared one of the airport’s 20 gates with Southwest since 2014, and currently uses it for up to five daily flights between Dallas and Atlanta. Southwest, which subleased the gate from United Airlines, has tried to remove rival Delta for several years. Southwest controls 17 other gates.

Airlines have fought over Love Field because it is more convenient for many travelers than DFW Airport, 16 miles away, and because a law passed by Congress in 2006 capped Love Field at 20 gates.

Dallas officials commissioned a study that suggested expanding Love Field, KXAS-TV in Dallas reported. People in nearby residential neighborhoods are objecting to expansion, which was presented to a city council committee earlier this week.

The lawsuit settlement approved by the council Wednesday will let Delta use one of two gates controlled by Alaska Airlines and pay Alaska $200,000 a year through September 2028, an idea proposed by the city, according to The Dallas Morning News. Alaska obtained the gates when it bought Virgin America in 2016, but currently uses them for only two flights a day.

The settlement would resolve a lawsuit that the city filed in 2015. In effect, city officials threw up their hands and asked a federal court to sort out an impasse that involved two federal agencies and six airlines.

→ Mysterious Gold Leverage Just Announced (From Stansberry Research) (Ad)

Should you invest $1,000 in Southwest Airlines right now?

Before you consider Southwest Airlines, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southwest Airlines wasn't on the list.

While Southwest Airlines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Delta Air Lines (DAL)
4.9483 of 5 stars
$49.90+4.1%0.80%6.41Buy$58.29
United Airlines (UAL)
4.6148 of 5 stars
$53.51+1.6%N/A6.61Moderate Buy$66.53
Southwest Airlines (LUV)
4.4261 of 5 stars
$27.26-7.0%2.64%36.34Hold$31.82
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Delta Air Lines Stock Should Take Flight After Solid Report

Delta Air Lines Stock Should Take Flight After Solid Report

Altogether, Delta stock has everything it needs for its price to move to new highs, sustain them, and rally to new highs; the only question is if the market will follow through on the opportunity.

Search Headlines: