Delta Airlines & GOL Reach Key Alliance Milestones and 2 Other Hot Stocks to Watch
Delta Air Lines Inc. (NYSE:DAL): Current price $18.89
Delta and GOL Linhas Aereas Inteligentes S.A. have attained key milestones in their long-term exclusive partnership of expanding their code share accord, giving increased benefits to their loyal customer base, and offering a seamless customer experience while at airports.
Some 20 months ago, GOL had reached a code share arrangement with Della Airlines, through which the carriers will optimize the connecting routes in the Brazil/United States passage. The present agreement lets Delta access 23 destinations in Brazil and will continue to expand going forward, subject to regulatory approvals. The union also permits Delta customers to fly to Paraguay and Uruguay.
Barrick Gold Corp. (NYSE:ABX): Current price $20.45
Late Monday, following Secretary of State John Kerry’s remarks that Syria used chemical weapons against its civilians, gold prices moved higher during electronic trading hours — past $1,400 as traders used the commodity as a hedge against the uncertainty whether the United States will intervene in that country. Gold mining stocks closed mostly higher on Monday. Barrick shares are up modestly on heavy volume on Tuesday.
General Electric Co. (NYSE:GE): Current price $23.25
On Tuesday, GE and XD Electric Group announced the official formation of a new global partnership that unites GE’s grid automation capabilities and world energy presence with XD Electric’s comprehensive portfolio of high-voltage power equipment. GE now owns 15 percent of XD Electric and holds one board seat. Another component of the collaboration includes the creation of a joint venture with XD through which to offer customers in China GE’s localized grid automation equipment and services.