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AZUL Passenger Traffic Up Y/Y in July on International Strength
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Azul S.A. (AZUL - Free Report) reported year-over-year increases in traffic and capacity for July 2023.
In July, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 5.3% and 7.1%, respectively, on a year-over-year basis. Load factor (the percentage of seats filled by passengers) was 83.2% in July 2023.
Internationally, with revenue passenger kilometers (48.1%) outpacing available seat kilometers (47.5%), the load factor increased to 89.1% from 88.7% in July 2022.
On the domestic front, the load factor was 81.5%.
Azul’s chief executive officer, John Rodgerson, stated, “The winter break in Brazil showed continued demand strength, particularly in the leisure markets. We are excited about demand trends, the pricing environment and industry capacity discipline as we enter the strongest part of the year.”
Impressive air traffic has led to a 75.1% year-to-date appreciation in the AZUL stock. This northward movement compares favorably with 23.3% growth recorded by the Zacks Airline industry in the same time frame.
Given the buoyant traffic scenario, Azul is not the only airline to report impressive traffic numbers for July. Gol Linhas Aereas Inteligentes S.A. recently reported an impressive year-over-year increase in traffic and capacity for July 2023.
In July, consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 6.5% and 3.3%, respectively, on a year-over-year basis. With consolidated passenger traffic growth outpacing capacity expansion, the load factor (the percentage of seats filled by passengers) improved to 83.4% from 80.8% in June 2022. The number of flight departures at GOL in July registered a 10.6% year-over-year jump. Consolidated passengers on board rose 14.5% year over year.
On the domestic front, with revenue passenger kilometers (5%) outpacing available seat kilometers (0.7%), the load factor climbed to 83.5% in July 2023 from 80.1% a year ago.
Domestic departures during the month grew 9.2% on a year-over-year basis. On the domestic front, the number of seats increased 9% in July 2023. International departures soared 53.6% in July 2023 on a year-over-year basis. The number of seats rose 54.3% internationally.
On the domestic front, passengers on board rose 13.6% year over year. Internationally, the metric expanded 40.6% year over year.
European carrier Ryanair Holdings (RYAAY - Free Report) also reported impressive traffic numbers for July 2023, driven by upbeat air-travel demand.
The number of passengers ferried on RYAAY flights in July was 18.7 million, up 11% year over year. This compared favorably with the June 2023 figure of 17.4 million and the May 2023 figure of 17 million. Owing to upbeat traffic, the load factor was high at 96% in July 2023. The reading was similar to that reported a year ago. RYAAY operated more than 102,000 flights in July 2023.
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AZUL Passenger Traffic Up Y/Y in July on International Strength
Azul S.A. (AZUL - Free Report) reported year-over-year increases in traffic and capacity for July 2023.
In July, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 5.3% and 7.1%, respectively, on a year-over-year basis. Load factor (the percentage of seats filled by passengers) was 83.2% in July 2023.
Internationally, with revenue passenger kilometers (48.1%) outpacing available seat kilometers (47.5%), the load factor increased to 89.1% from 88.7% in July 2022.
On the domestic front, the load factor was 81.5%.
Azul’s chief executive officer, John Rodgerson, stated, “The winter break in Brazil showed continued demand strength, particularly in the leisure markets. We are excited about demand trends, the pricing environment and industry capacity discipline as we enter the strongest part of the year.”
Impressive air traffic has led to a 75.1% year-to-date appreciation in the AZUL stock. This northward movement compares favorably with 23.3% growth recorded by the Zacks Airline industry in the same time frame.
Image Source: Zacks Investment Research
Azul currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Given the buoyant traffic scenario, Azul is not the only airline to report impressive traffic numbers for July. Gol Linhas Aereas Inteligentes S.A. recently reported an impressive year-over-year increase in traffic and capacity for July 2023.
In July, consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 6.5% and 3.3%, respectively, on a year-over-year basis. With consolidated passenger traffic growth outpacing capacity expansion, the load factor (the percentage of seats filled by passengers) improved to 83.4% from 80.8% in June 2022. The number of flight departures at GOL in July registered a 10.6% year-over-year jump. Consolidated passengers on board rose 14.5% year over year.
On the domestic front, with revenue passenger kilometers (5%) outpacing available seat kilometers (0.7%), the load factor climbed to 83.5% in July 2023 from 80.1% a year ago.
Domestic departures during the month grew 9.2% on a year-over-year basis. On the domestic front, the number of seats increased 9% in July 2023. International departures soared 53.6% in July 2023 on a year-over-year basis. The number of seats rose 54.3% internationally.
On the domestic front, passengers on board rose 13.6% year over year. Internationally, the metric expanded 40.6% year over year.
European carrier Ryanair Holdings (RYAAY - Free Report) also reported impressive traffic numbers for July 2023, driven by upbeat air-travel demand.
The number of passengers ferried on RYAAY flights in July was 18.7 million, up 11% year over year. This compared favorably with the June 2023 figure of 17.4 million and the May 2023 figure of 17 million. Owing to upbeat traffic, the load factor was high at 96% in July 2023. The reading was similar to that reported a year ago. RYAAY operated more than 102,000 flights in July 2023.