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Azul's (AZUL) Traffic in May Increases From April Levels
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Azul S.A. (AZUL - Free Report) posted impressive traffic numbers for the month of May, as air-travel demand picks up on increased vaccination programs.
Consolidated traffic, measured in revenue passenger kilometers, increased 12.4% month over month. With rising travel demand, the company expanded capacity significantly. Capacity measured in available seat kilometers moved up 14.8% in May from April levels. Since traffic surge was less than capacity expansion, load factor (% of seats filled by passengers) dips to 75.8% in May from 77.5% in April.
On a year-over-year basis (as the current year situation is somewhat better with the coming of vaccines), the scenario was rosier with consolidated traffic surging 361.9%. In the same time frame, capacity expanded 337.8%. Consequently, with traffic surge outweighing capacity expansion, load factor increased 3.9 percentage points (p.p).
In the domestic front, traffic and capacity increased 435.5% and 406.7%, respectively, from the year-ago period’s levels. Consequently, load factor increased 4.2 p.p to 78.1% in May.
Internationally, in the same time frame, traffic and capacity surged 14% and 56.9%, respectively.
Compared with May 2019 (pre-COVID) levels, both traffic and capacity plunged 34.8% and 27.5%, respectively. Moreover, the load factor also tanked 8.5 p.p to 84.3 as decline in traffic was more than capacity contraction.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
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Azul's (AZUL) Traffic in May Increases From April Levels
Azul S.A. (AZUL - Free Report) posted impressive traffic numbers for the month of May, as air-travel demand picks up on increased vaccination programs.
Consolidated traffic, measured in revenue passenger kilometers, increased 12.4% month over month. With rising travel demand, the company expanded capacity significantly. Capacity measured in available seat kilometers moved up 14.8% in May from April levels. Since traffic surge was less than capacity expansion, load factor (% of seats filled by passengers) dips to 75.8% in May from 77.5% in April.
On a year-over-year basis (as the current year situation is somewhat better with the coming of vaccines), the scenario was rosier with consolidated traffic surging 361.9%. In the same time frame, capacity expanded 337.8%. Consequently, with traffic surge outweighing capacity expansion, load factor increased 3.9 percentage points (p.p).
In the domestic front, traffic and capacity increased 435.5% and 406.7%, respectively, from the year-ago period’s levels. Consequently, load factor increased 4.2 p.p to 78.1% in May.
Internationally, in the same time frame, traffic and capacity surged 14% and 56.9%, respectively.
Compared with May 2019 (pre-COVID) levels, both traffic and capacity plunged 34.8% and 27.5%, respectively. Moreover, the load factor also tanked 8.5 p.p to 84.3 as decline in traffic was more than capacity contraction.
Zacks Rank & Stocks to Consider
Azul currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Zacks Transportation sector are Landstar System, Inc. (LSTR - Free Report) , Triton International Limited and Herc Holdings Inc. (HRI - Free Report) . Herc Holdings and Landstar sport a Zacks Rank #1 (Strong Buy), while Triton carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>