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Shares of Azul (NYSE: AZUL) traded up more than 7% on Thursday after the Brazilian airline's board approved a share repurchase plan. The move is another small indication that airlines are finally getting back to normal.
Azul and other airlines have been hit hard by the pandemic, which has caused travel demand to plunge and sent carriers scrambling. Though some Latin American airlines were forced to seek bankruptcy protection , Azul flew through the crisis relatively well.