AZUL - Why Azul Stock Lost Altitude This Week
2024-04-18 12:27:17 ET
One of Latin America's best-run airlines faces significant headwinds and is reportedly pondering moves to try to offset any weakness.
The uncertainty appears to have investors on edge, sending shares of Azul (NYSE: AZUL) down 12% for the week as of Thursday midday, according to data provided by S&P Global Market Intelligence .
The entire global airline industry was hit hard by the pandemic, but few regions felt the impact more than Latin America. Azul was a rare standout in a sector that had experienced several high-profile bankruptcies, and the airline has been trying to go on the offensive in the years since.
For further details see:
Why Azul Stock Lost Altitude This Week