Why Shares of Brazilian Airline Azul Are Up Today
It's been a rough year for the airline industry, including Brazil's Azul (NYSE: AZUL), as COVID-19 has decimated travel demand and forced some carriers into bankruptcy. Airlines around the globe have struggled due to the pandemic, but perhaps no region's carriers have been hit harder than South America. Chile's Latam Airlines Group and Colombia's Avianca Holdings are both in bankruptcy, and Brazil's airlines have seen traffic fall sharply as well.
