Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Canadian Pacific Kansas City Limited (CP) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Canadian Pacific Kansas City Limited (CP) - free report >>
Image: Bigstock
Azul Posts Encouraging June Traffic and Load Factor Data
With air-travel demand increasing gradually, Azul S.A. (AZUL - Free Report) reported impressive June traffic numbers. Both domestic as well as international demand and supply increased on a month-over-month basis. Moreover, consolidated load factor (% of seats filled by passengers) inched up since consolidated traffic demand was more than the capacity expansion.
Consolidated traffic (measured in revenue passenger kilometers or RPKs) surged 43.6% on a month-over-month basis. Apart from a 27.8% rise in international traffic, the metric soared 47% on the domestic front, thereby bumping up the overall figure. Consolidated capacity (measured in available seat kilometers/ASKs) jumped 37.1% owing to 43.9% and 9.7% growth in domestic and international capacity, respectively, from the past month levels.
Consolidated load factor at Azul, which competes with Gol Linhas and Copa Holdings (CPA - Free Report) in the Latin American aviation space, climbed to 75.5% (or 3.5 percentage points). Domestic load factor inched up 1.6 percentage points to 75.7% while international load factor rose 10.5 percentage points to 74.3% from the May reading.
While Gol currently carries a Zacks Rank #3 (Hold), Copa is a Zacks #4 Ranked (Sell) stock at present.
Zacks Rank & Key Pick
Azul currently carries a Zacks Rank of 3.
A better-ranked stock in the Zacks Transportation sector is Canadian Pacific Railway Limited (CP - Free Report) , carrying a Zacks Rank #2 (Buy), presently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Canadian Pacific’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 4.9%.
5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
See the 5 high-tech stocks now>>