Why Shares of Brazilian Airlines Azul and Gol Are Up Today
Brazilians returned to the skies in September, and that has the stocks of the country's airlines soaring higher on Tuesday. Shares of Gol Linhas Aereas Inteligentes (NYSE: GOL) were up 10% as of 1 p.m. EST today, while shares of Azul (NYSE: AZUL) were up 7.6%.
Airlines worldwide have seen demand plummet due to the pandemic, but South American carriers have been hit particularly hard. Azul and Gol have both been able to avoid bankruptcy filings so far, and their latest monthly reports on travel demand would suggest that perhaps the worst is over.
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Source Fool.com
