GOLL4 Gol Linhas Aereas Inteligentes S.A.

   By Stephen Nakrosis 
 

The American depository receipts of Chilean airline Latam Airlines Group SA (LTM) have taken off in Thursday's after-hours market, following the news that Delta Air Lines Inc. (DAL) is taking a 20% stake in the South American carrier.

At 5:14 p.m. ET, Latam's ADRs are trading 22.09% higher, at $11 each. They closed the day's regular trading session with a 3.33% gain, finishing at $9.01.

The ADRs of Brazilian airline GOL Linhas Aereas Inteligentes SA (GOL) are taking an opposite tack, trading 8.76% lower on the news, at $15 each. Delta is planning to exit from its GOL stake, CNBC reported.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

September 26, 2019 17:36 ET (21:36 GMT)

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