Why LATAM Airlines Stock Just Soared 31%
Shares of LATAM Airlines Group (NYSE: LTM) are on fire this morning, up 30.8% as of 10:10 a.m. EDT on news that Delta (NYSE: DAL) will enter into a partnership with the Chilean company and buy 20% of it.
Delta's own stock is up only a fraction of a percentage point, while a third company -- Brazil's Gol Linhas Aereas Inteligentes (NYSE: GOL) -- is taking a much bigger hit, down 6.4%.
Image source: LATAM Airlines.
Source Fool.com
