Why Shares of Azul Are Up Today
Shares of Brazilian airline Azul (NYSE: AZUL) were up more than 6% on Monday afternoon after a leading politician in Brazil talked up the effectiveness of a COVID-19 vaccine.
Azul shares are down more than 60% year to date, but compared to other Latin American airlines, it has held up pretty well through the pandemic. The company seemingly has the capital and commitments in place to avoid a bankruptcy but is unlikely to rebound until the pandemic is over and traffic returns.
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Source Fool.com
