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. Shares of Azul (NYSE: AZUL) were down more than 7% on Tuesday on fear the domestic market will take a while to fully recover.
Azul has been one of Latin America's best-performing airlines throughout the pandemic, gaining share and keeping its operations stable during a period when some of its biggest rivals fell into bankruptcy. 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.
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Source Fool.com
