00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A U.S. appeals court on Thursday overturned the Trump administration's September 2025 order
00:08requiring Delta Airlines and Aeromexico to unwind their nearly 10-year-old joint venture,
00:13according to Reuters. The partnership allows the airlines to coordinate scheduling,
00:18pricing, and capacity on U.S.-Mexico flights. The Justice and Transportation Department said
00:23the joint venture amounted to legalized collusion and controlled nearly 60% of flights at Mexico
00:29City's major U.S. international gateway. The 11th U.S. Circuit Court of Appeals said the
00:35Transportation Department failed to reasonably explain why it used a more limited market analysis
00:40and stricter approval standards than in similar joint ventures. The court called the agency's
00:45action arbitrary and capricious. Delta and Aeromexico praised the ruling, while the Transportation
00:51Department said it will consider its legal options and continue working with Mexico on aviation
00:57competition issues. For all things money, visit Benzinga.com.
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