Azul S.A. (AZUL)
AZUL Price and Sentiment
AZUL Latest news
Azul's (AZUL) consolidated load factor drops 0.8 percentage points to 79.4% from the year-ago period's levels.
AZUL (AZUL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The outlook for international travel is looking up.
Emerging markets are rallying, and this top Brazilian airline is going along for the ride.
Lilium: Future Of Regional Transportation
Upbeat air-traffic in Latin America bodes well for carriers like AZUL, CPA and GOL. However, the spread of the Delta variant in places like the United States is a setback for the Zacks Airline industry.
BofA analyst Murilo Freiberger downgraded Azul SA (NYSE:AZUL) to Underperform from Neutral and changed the price target to $20.80 (implying an upside of 1.27%), up from $15. Freiberger states that Brazilian airlines have done an "impressive" job adjusting operations, negotiating liabilities, and sustaining liquidity during the COVID crisis, but there is limited upside from current valuation levels.
Backed by growth in the domestic market, consolidated load factor at Azul (AZUL) increases 2.5 percentage points year over year to 77.9% in August 2021.
Restoration of air traffic in Latin America augurs well for Gol Linhas (GOL), Copa Holdings (CPA)) and Azul (AZUL).