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The company has been benefiting from a recovery in air-travel demand. This is especially true on the domestic front. AZUL’s traffic in August surged 176.9% year-over-year. It is also up 6.5% from its August 2019 level. In addition, an increase in e-commerce demand is boosting the company’s cargo business unit.
As of the most recent quarter, the company had $814 million in cash, up from $429 million in the previous quarter, and well above its short-term debt level of $47 million. However, analysts forecast earnings to fall 151.4% year-over-year in the third quarter.
