Brazil's Gol shares jump 5.5% on American codeshare agreement

Shares in Brazil’s Gol rose as much as 5.5% on Tuesday after the budget airline said it had signed a codeshare agreement with American Airlines. “When this is approved by Brazilian and US authorities, Gol’s new codeshare will allow its customers to connect to more than 30 destinations in the USA,” Gol said, adding that American will now offer more US-South American flights than anyone else. The flights will operate from Gol’s hubs in São Paulo, Rio de Janeiro, Brasilia and Fortaleza, and will be added to current regular flights to Miami and Orlando. “The partnership will increase the quantity and quality of its flights, offering the more daily flights between South America and the United States than any other partner,” analysts at Guide Investimento said Tuesday. The agreement will make it easier for customers to purchase flights for both airlines using a single reservation. It will also integrate check-in, boarding and baggage checking throughout the trip, and include the air miles program.<br/>