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http://www.businessweek.com/news/201...lot-trade.html

Delta Wins LaGuardia Growth Bid as U.S. Backs Flight-Slot Trade
October 11, 2011, 5:05 PM EDT

Oct. 11 (Bloomberg) -- Delta Air Lines Inc. won federal regulators’ approval to build a domestic hub at New York’s LaGuardia airport by trading takeoff and landing slots with US Airways Group Inc.

The accord gives Delta 132 more LaGuardia slot pairs and control of about half the flights there, in exchange for swapping 42 of its pairs at Washington’s Ronald Reagan National Airport with US Airways, the U.S. Department of Transportation said today in a filing. The carriers must divest 24 pairs to smaller rivals, 16 at LaGuardia and eight at National.

Delta’s advantage at LaGuardia over AMR Corp.’s American Airlines, the second-biggest carrier there, will grow as it takes over most of the US Airways terminal space. Creating a domestic hub at LaGuardia will complement Atlanta-based Delta’s international hub at Kennedy airport.