Delta Air Lines, Inc. Plans to Team Up With WestJet in Canada
In turning around its business following the Great Recession, Delta Air Lines (NYSE: DAL) has leaned heavily on partnering with foreign airlines to broaden its global reach. These foreign partners include Air France-KLM, Alitalia, and Virgin Atlantic in Europe; GOL and Aeromexico in Latin America; China Eastern and Korean Air in East Asia; and Virgin Australia in Oceania.
Delta Air Lines hopes to use this same playbook to improve its position in Canada. Earlier this week, Delta and WestJet (TSX: WJA) announced that they intend to form a joint venture to serve the U.S.-Canada transborder market. This could boost both carriers' financial performance -- if they can get the necessary regulatory approvals.
Delta plans to form another joint venture -- this time with WestJet. Image source: Delta Air Lines.
Source: Fool.com
