Why Azul Stock Is Falling Today
Brazil's COVID-19 response is coming under a fresh round of scrutiny, and the concerns are weighing on the country's travel and tourism stocks. Azul today is healthy enough that it is said to be considering consolidating the local market, giving it a real long-term competitive advantage in Brazil and throughout the region. Arguably a prolonged pandemic could make it easier for Azul to win over its apparent merger target, the Brazil operation of bankrupt LATAM Airlines Group, by making it harder for LATAM to come up with a viable stand-alone plan.