Azul S.A. (AZUL)
AZUL Price and Sentiment
AZUL Latest news
Earnings came in better than expected, and airline management sees positive signs ahead.
Azul SA (NYSE: AZUL) reported third-quarter operating revenue of R$2.72 billion, an increase of 59.6% quarter over quarter, and a decline of 10.3% compared to 3Q19. Azul Cargo revenue increased 135% year over two years, driven by strong demand for logistics solutions and exclusive network.
AZUL (AZUL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Rising fuel costs are likely to have hurt Azul's (AZUL) third-quarter bottom-line performance.
International travel is on the mend.
A potential economic crisis in Brazil could slow the airline's recovery.
The airline can't take off if Brazil's economy is grounded.
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.