Delta Air Lines and US Airways have closed on an agreement to transfer slots to each other at New York LaGuardia and Washington DC Reagan National airports.
The airlines will announce their expanded schedules in New York and Washington DC at a later date.
Under the deal, Delta acquired 132 slot pairs at LaGuardia from US Airways, while US Airways acquired 42 slot pairs at Reagan National from Delta. US Airways also got the rights to operate additional daily service to Sao Paulo in 2015.
As a result of the slots swap, 16 slot pairs at LaGuardia and eight slot pairs at Reagan National were divested. These have been awarded to JetBlue Airways and Canada's WestJet.
"Now that we have closed our agreement with US Airways, we can begin taking steps to expand our schedule at New York-LaGuardia, greatly increasing travel choices for our New York customers and increasing competition in the market," said Delta's CEO Richard Anderson. "We also look forward to expanding and modernising our LaGuardia facilities as we create a Delta hub operation at LaGuardia."
US Airways chairman and CEO Doug Parker said the airline's expanded presence at Reagan National will allow it to add more frequencies to existing markets. "It also allows us to expand our service so more smaller communities have access to non-stop service to this very important market and beyond," he added.