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Why Azul Stock Is Down This Week

TheMotleyFool

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Shares of Brazilian airline Azul (NYSE: AZUL) got caught up in a wave of pessimism surrounding its home country's handling of the pandemic, with the stock down nearly 9% for the week as of Friday morning trading.

Airline stocks, and Latin American airlines in particular, were hit hard by COVID-19, but Azul has proven itself to be one of the healthiest in the region. The company is attempting to move on from the pandemic, plotting a bid for the Brazilian operations of bankrupt LATAM Airlines Group.

Image source: Getty Images.

Source Fool.com

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