Delta Air (DAL) Stock Rises, Mexico Approves Aeromexico Venture
Delta Air Lines | May 03, 2016
NEW YORK (TheStreet) -- Delta Air Lines (DAL) stock is gaining 1.68% to $42.88 in early afternoon trading on Tuesday after the airline carrier gained approval from Mexican competition regulators for the $1.5 billion joint venture with Grupo Aeromexico.Mexico's competition commission, known as Cofece, approved the partnership, which will allow the companies to collaborate on schedules, capacity and prices, Reuters reports.