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  • DATVF.ATLPHL
    1.707
    -0.036
    -2.1%
  • DATVF.CHIATL
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  • DATVF.DALLAX
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  • DATVF.LAXDAL
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  • DATVF.SEALAX
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  • DATVF.LAXSEA
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  • DATVF.VEU
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  • DATVF.VNU
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  • DATVF.VSU
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  • DATVF.VWU
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  • ITVI.USA
    9,646.100
    305.090
    3.3%
  • OTRI.USA
    6.600
    -0.170
    -2.5%
  • OTVI.USA
    9,653.700
    312.670
    3.3%
  • TLT.USA
    2.760
    0.020
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  • WAIT.USA
    156.000
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  • DATVF.ATLPHL
    1.707
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  • DATVF.CHIATL
    1.840
    -0.138
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  • DATVF.DALLAX
    0.937
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    2.3%
  • DATVF.LAXDAL
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  • DATVF.SEALAX
    0.971
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  • DATVF.PHLCHI
    1.033
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  • DATVF.LAXSEA
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  • DATVF.VEU
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  • DATVF.VNU
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  • DATVF.VSU
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  • DATVF.VWU
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  • ITVI.USA
    9,646.100
    305.090
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  • OTRI.USA
    6.600
    -0.170
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  • OTVI.USA
    9,653.700
    312.670
    3.3%
  • TLT.USA
    2.760
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    0.7%
  • WAIT.USA
    156.000
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Air CargoNews

Delta sees stock ding on efficiency dip, agrees to LATAM codeshare

Delta Air Lines [NYSE: DAL] stock settled 2% lower Tuesday to $55.62 per share after the carrier reported its load factor in November compared to last year was off 1.8 points to 84%, as 4% capacity growth outstripped a 1.8% increase in passenger traffic. Domestically, the ratio of filled seats was off 2.8 points.

The Dec. 3 performance update also showed a 4.1% drop in cargo traffic to 158,823 cargo ton miles, continuing a yearlong trend that has seen the key metric for cargo business fall 8.5%.

Meanwhile, Delta and LATAM Airlines said they have agreed on codeshare arrangements for flights operated by LATAM affiliates in Colombia, Ecuador and Peru beginning in the first quarter of 2020. The collaboration, which is subject to regulatory approvals, is the first major step in aligning operations after Delta announced plans in September to take a 20% stake in LATAM. With codesharing, each airline can market flights operated by the other carrier on its own schedule, making it easier for passengers to find and schedule connections and earn miles.

The three new codeshare agreements signed with Delta will offer LATAM customers increased connectivity between 74 onward destinations in the U.S. and Canada and 51 onward destinations for Delta passengers in South America via hubs in New York; Miami and Orlando, Florida; Los Angeles; Lima, Peru; Bogota and Cartagena, Colombia; and Quito, Ecuador.

LATAM said it also plans to establish codeshare agreements between Delta and its subsidiaries in Chile and Brazil next year. Air cargo experts say the Delta-LATAM joint venture holds excellent potential to increase cargo capabilities and revenue.

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Eric Kulisch, Air Cargo Market Editor

Eric is the Air Cargo Market Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety. He won a regional Gold Medal from the American Society of Business Publication Editors for government coverage, and was voted best for feature writing and commentary in the Trade/Newsletter category by the D.C. Chapter of the Society of Professional Journalists. As associate editor at American Shipper Magazine for more than a decade, he wrote about trade, freight transportation and supply chains. Eric is based in Portland, Oregon. He can be reached for comments and tips at ekulisch@freightwaves.com

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