Why Azul Stock Lost Altitude This Week [Yahoo! Finance]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance
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 Destination consolidation? 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. Azul initially tried to buy rival LATAM Airlines Group out of bankruptcy . It now reportedly has turned its attention to domestic archrival Gol Linhas Aereas Inteligentes SA . According to a Bloomberg report, Azul has held talks with large Gol shareholder Abra Group about a deal that would see Abra take a stake in the combined airline, lessening the cash outlay Azul would need to complete a deal. The airlines are looking at options in part due to uncertainty about the Brazili
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