Azul (AZUL Quick QuoteAZUL ) reported impressive traffic numbers for August with air-travel demand improving in Latin America. Evidently, people are increasingly opting for air travel nowadays as fears of contracting the coronavirus declined with widespread vaccination programs in places like Brazil.
Considering this upbeat scenario, it was small wonder that domestic traffic at Azul, currently carrying a Zacks Rank #3 (Hold), for the month skyrocketed 176.9% from the year-ago number. Capacity expanded 166.9% year over year in response to increasing demand. With traffic growth outweighing....More>>>