|Bid||23.48 x 800|
|Ask||25.00 x 1300|
|Day's range||22.81 - 23.64|
|52-week range||10.97 - 29.45|
|Beta (5Y monthly)||1.76|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||21.24|
Load factor at Azul (AZUL) rises 1 percentage point in June to 76.8%, month over month.
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.
Better air-travel demand in the United States prompts JetBlue (JBLU) to give an optimistic Q2 revenue view. Azul's (AZUL) May traffic report also reflects positivity as vaccination picks up in Brazil.