The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Trefis) -- JetBlue Airways (JBLU - Get Report), the sixth-largest passenger carrier in the U.S. based on revenue passenger miles, recently announced an interline partnership with TAM Airlines (TAM), the largest airline in Brazil, under which it will be able to connect its travelers to 45 cities across Brazil and other international destinations covered by TAM in South America. JetBlue competes with major U.S. passenger airlines including Delta Air Lines (DAL), Southwest Airlines (LUV), American Airlines (AMR) and US Airways (LCC). The low-cost carrier currently enjoys a market share about 1% globally and expects to boost this percentage with the new partnership, which promises increased global reach and enhanced customer benefits.
TAM Deal Lifts JetBlue's Reach
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.