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Why did Azul Azul & GOL Airlines sign a codeshare agreement?

Latin American carriers Azul AZUL and Gol Airlines inked a codeshare agreement to boost the Brazilian aviation market. 1. American Airlines now expects adjusted earnings per share for the second quarter in the $1-$1.15 band (earlier guidance was in the $1.15-$1.45 range).

Why did Azul & GOL's shares jump on Friday?

Shares of both airlines jumped on Friday on the back of a codeshare agreement connecting their networks in Brazil that was announced in a filing late on Thursday. Azul’s shares jumped as much as 10% in Sao Paulo trading on Friday — the biggest intraday gain since September — while Gol’s stock soared as much as 19%.

Could a deal between Abra & Azul be possible?

The controlling shareholder of Gol Linhas Aereas Inteligentes SA has started talks with Azul SA for a possible deal between the airlines. Holding company Abra Group Ltd seeks to “explore opportunities,” Gol said in a statement late Tuesday. Any potential agreement between Abra and Azul would not be binding on the company, according to the document.

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