Time to Resume Business Travel? Azul Thinks so; Shares Soar by Nine Percent

By the end of this year, Azul will again fly to 113 of the 116 destinations served in early 2020, a recovery of 97 percent in terms of cities served.

RIO DE JANEIRO, BRAZIL - Azul believes that sooner or later corporate travel will come back with vigor. The airline posted a loss of US$1.2 (R$6.54) billion in Q3 this year, but now sees strong indications of recovery and expects to grow with domestic travel, cargo transport and even corporate travel. Despite the billion-dollar losses, the company's optimism has inspired the market and stocks were up by 9.24 percent at 2.30 PM on November 16th.

The return to air travel is occurring mostly through domestic tourism flights. In September, Azul's domestic capacity . . .

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