Why Shares in Azul Soared Today
Shares of Brazilian airline Azul (NYSE: AZUL) were up more than 7% as of late afternoon trading. The move comes after the release of its July traffic figures. I've summarized the key numbers below; Azil's domestic traffic numbers are not only significantly ahead of the same period last year but also ahead of the last "normal" period, the pre-pandemic year of 2019.
However, the big news comes from the strength of the recovery in international travel, which stood at 69% of July 2019's level.
Azul Passenger Traffic (revenue passenger kilometers)
Source Fool.com
