Azul S A Adr (AZUL)

Shares of Azul S.A. ADR (AZUL) dropped by 6.92% from $10.40 to $9.68 in the trading on Monday, December 04, 2023. The reason why AZUL is down today is due to broader movements in the airline sector, influenced by an acquisition deal involving Hawaiian Airlines. The deal had varying impacts on the stock prices of the companies involved, leading to mixed investor reactions and a decline in AZUL's share price.

Azul (AZUL) shares fell by 6.89% after reporting a Q2 2023 loss of 81 cents per share (excluding $1.52 from non-recurring items), wider than expected. Despite a 7.8% YoY increase in total revenues to R$4,269.4 million ($862.7 million) due to improved air-travel demand, passenger revenues rose 11%, and cargo and other revenues declined 12.4% YoY.

https://www.zacks.com/stock/news/2135909/azuls-q2-earnings-revenues-miss-expectations-rise-yy