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Delta Air Lines, Aeromexico to Partner on Cargo Network
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Delta Air Lines (DAL - Free Report) and its Mexican counterpart Grupo Aeromexico signed a joint cooperation agreement on Jun 6, to boost their cargo operations across the United States and Mexico.
The deal will offer customers to choose either of the carriers to transport cargo over a wide range of flights and joint trucking options. The carriers have co-located warehouses in Mexico, Boston, New York-JFK, Miami, San Francisco and Chicago. Warehouses in Orlando and Detroit are expected to open this summer.
The agreement will also allow the two companies execute joint sales and marketing initiatives in their respective countries.
The partnership aims to provide a seamless logistics experience to customers on the U.S.-Mexico route. Also according to Rafael Figueroa, CEO, Aeromexico Cargo, the Aeromexico and Delta partnership is the largest and most extensively growing air cargo network in the U.S.-Mexico market.
To facilitate US- Mexico travel, the carriers recently inked a joint cooperation agreement (JCA) to operate flights connecting the nations. As part of the JCA, the carriers intend to launch five flights targeting new markets namely, Atlanta - Merida, Atlanta - Queretaro, Los Angeles - Leon, Seattle - Mexico City, Portland, OR - Mexico City.
Apart from adding new routes, they aim to increase flight frequency in four of the existent markets and use more modern aircrafts in two of them, respectively. These measures aimed at facilitating travel between nations, might be implemented as soon as this fall, subject to government clearance.
Shares of Air France-KLM, Deutsche Lufthansa and Hawaiian Holdings gained over 63%, 41% and 6% respectively, over a period of three months.
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At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
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Delta Air Lines, Aeromexico to Partner on Cargo Network
Delta Air Lines (DAL - Free Report) and its Mexican counterpart Grupo Aeromexico signed a joint cooperation agreement on Jun 6, to boost their cargo operations across the United States and Mexico.
The deal will offer customers to choose either of the carriers to transport cargo over a wide range of flights and joint trucking options. The carriers have co-located warehouses in Mexico, Boston, New York-JFK, Miami, San Francisco and Chicago. Warehouses in Orlando and Detroit are expected to open this summer.
The agreement will also allow the two companies execute joint sales and marketing initiatives in their respective countries.
The partnership aims to provide a seamless logistics experience to customers on the U.S.-Mexico route. Also according to Rafael Figueroa, CEO, Aeromexico Cargo, the Aeromexico and Delta partnership is the largest and most extensively growing air cargo network in the U.S.-Mexico market.
To facilitate US- Mexico travel, the carriers recently inked a joint cooperation agreement (JCA) to operate flights connecting the nations. As part of the JCA, the carriers intend to launch five flights targeting new markets namely, Atlanta - Merida, Atlanta - Queretaro, Los Angeles - Leon, Seattle - Mexico City, Portland, OR - Mexico City.
Apart from adding new routes, they aim to increase flight frequency in four of the existent markets and use more modern aircrafts in two of them, respectively. These measures aimed at facilitating travel between nations, might be implemented as soon as this fall, subject to government clearance.
Delta Air Lines, Inc. Price
Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold). Better ranked stocks in airline space are Air France-KLM SA (AFLYY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and Hawaiian Holdings, Inc. (HA - Free Report) . All sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM, Deutsche Lufthansa and Hawaiian Holdings gained over 63%, 41% and 6% respectively, over a period of three months.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>