Brazil's Azul (NYSE: AZUL) remains optimistic the airline's domestic market is in the early stages of a post-pandemic recovery, and the stock is flying higher as a result. Shares of Azul traded up as much as 5% on Monday.
Azul and other airlines were hit hard in 2020, but Azul shares have bounced back in 2021 despite Brazil's continued trouble getting the pandemic under control. May, hopefully, marked a turning point, with cases beginning to fall. And the airline's monthly traffic report provided an indication the business is starting to improve.
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Source Fool.com