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Azul's Load Factor in June Rises for the 5th Successive Time
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Azul S.A. (AZUL - Free Report) released strong traffic numbers for June 2019. Consolidated traffic (measured in revenue passenger kilometers or RPKs) increased 21.6% year over year to 2.36 billion owing to 28.7% growth on the domestic front and 4.6% rise, internationally. On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) expanded 14.7% to 2.83 billion, driven by 20.3% increase in domestic capacity.
With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved a commendable 480 basis points (bps). While domestic load factor jumped 540 bps, international load factor climbed 390 bps.
On a year-to-date basis, the carrier registered RPK of 13.67 billion (up 18.4%) and ASK of 16.47 billion (up 15.8%). Consequently, load factor inched up to 83% from 81.2% in the year-ago period.
The solid traffic statistics are indicative of the spurt in demand for Azul’s services. With a steady ascent in passenger traffic, the carrier has reported increase in load factor (a key measure of airline efficiency) for five consecutive months this year. Evidently, surging traffic led to a 15.3% expansion in passenger revenues during the first quarter of 2019. With demand remaining strong, the uptrend is anticipated to continue through 2019. This, in turn, should drive the company’s overall growth.
Azul carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the same space include Air China Ltd. (AIRYY - Free Report) , Copa Holdings, S.A. (CPA - Free Report) and Gol Linhas Aereas Inteligentes S.A. . While Air China sports a Zacks Rank #1 (Strong Buy), Copa Holdings and Gol Linhas carry a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, Copa Holdings and Gol Linhas have rallied more than 21%, 22% and 32%, respectively, so far this year.
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Azul's Load Factor in June Rises for the 5th Successive Time
Azul S.A. (AZUL - Free Report) released strong traffic numbers for June 2019. Consolidated traffic (measured in revenue passenger kilometers or RPKs) increased 21.6% year over year to 2.36 billion owing to 28.7% growth on the domestic front and 4.6% rise, internationally. On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) expanded 14.7% to 2.83 billion, driven by 20.3% increase in domestic capacity.
With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved a commendable 480 basis points (bps). While domestic load factor jumped 540 bps, international load factor climbed 390 bps.
On a year-to-date basis, the carrier registered RPK of 13.67 billion (up 18.4%) and ASK of 16.47 billion (up 15.8%). Consequently, load factor inched up to 83% from 81.2% in the year-ago period.
The solid traffic statistics are indicative of the spurt in demand for Azul’s services. With a steady ascent in passenger traffic, the carrier has reported increase in load factor (a key measure of airline efficiency) for five consecutive months this year. Evidently, surging traffic led to a 15.3% expansion in passenger revenues during the first quarter of 2019. With demand remaining strong, the uptrend is anticipated to continue through 2019. This, in turn, should drive the company’s overall growth.
AZUL SA Price
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Zacks Rank & Other Key Picks
Azul carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the same space include Air China Ltd. (AIRYY - Free Report) , Copa Holdings, S.A. (CPA - Free Report) and Gol Linhas Aereas Inteligentes S.A. . While Air China sports a Zacks Rank #1 (Strong Buy), Copa Holdings and Gol Linhas carry a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, Copa Holdings and Gol Linhas have rallied more than 21%, 22% and 32%, respectively, so far this year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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