Why Azul Shares Are Down Today
The economic news out of Brazil keeps getting worse, and investors are responding by fleeing from Brazilian stocks. Shares of Azul (NYSE: AZUL) traded down more than 8% late Friday morning, continuing a downward plunge that has seen the shares fall 26% this week.
Azul seemingly can't catch a break right now. The company, along with most airline stocks, suffered last year as the pandemic ate into global travel demand. Azul survived the crisis relatively unscathed and has positioned itself to acquire a rival out of bankruptcy and build its market share in Brazil, but new headwinds are emerging.
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Source Fool.com
