Why Azul Stock Was Flying High Today
Thursday was a good day for stocks generally, but it was especially warm and breezy for shareholders of Azul (NYSE: AZUL). The South American airline ascended by nearly 3%, bettering the 1.5% rise of the S&P 500 index, thanks to some encouraging monthly metrics it published that morning. Revenue passenger kilometers (RPK; a key metric for air carriers) for June increased a sturdy 40% over the same month last year.