Delta and Aeromexico create enhanced commercial alliance

Delta Air Lines  and Grupo Aeromexico announced a tentative agreement for a long-term, exclusive commercial alliance. Under the agreement, Delta and Aeromexico will expand cooperation to leverage each other’s strengths and link Delta’s expansive network with Mexico’s largest passenger network. As part of the agreement, Delta also will invest $65 million in Aeromexico. Following a successful restructuring in 2009 and subsequent public stock offering, Aeromexico has reported strong financial results, including its highest operating margin in 15 years at 10.4% for the June quarter 2011.