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Azul's August Traffic & Load Factor Increase on Higher Demand

Zacks Equity Research
Updated
Azul's August Traffic & Load Factor Increase on Higher Demand

Azul S.A. AZUL reported impressive traffic numbers for August. Consolidated traffic —   measured in revenue passenger kilometers (RPK) — increased 21.5% to 2.11 billion mainly owing to a 43.4% rise on the international front. Meanwhile, domestic traffic rose 14.6%. Traffic figures were aided by a strong demand for air travel.

On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) expanded 20.3% to 2.57 billion primarily on account of 48% growth in international capacity. On the domestic front, capacity increased 12.5%.

In August, consolidated load factor (% of seats filled by passengers) at this Brazilian carrier inched up 0.8 percentage points to 82.4% as traffic growth outweighed capacity expansion. While the metric increased 1.5 percentage points to 81.2% domestically, it decreased 2.8 percentage points to 85.7% internationally.

AZUL SA Price

 

AZUL SA Price | AZUL SA Quote

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At the end of the first eight months of 2018, RPK was up 17.1% and ASK grew 16.7%. Also, load factor for the period increased to 81.9%, 0.2 percentage points higher than the tally in August 2017. Notably, Azul posted results close on the heels of another Latin American carrier — Gol Linhas Aereas Inteligentes S.A. GOL. GOL reported an increase in consolidated traffic but a decrease in load factor for the month.

Zacks Rank & Stocks to Consider

Azul carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Transportation sector  are SkyWest, Inc. SKYW and Trinity Industries, Inc. TRN sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of SkyWest and Trinity have rallied more than 65% and 37%, respectively, in a year’s time.

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SkyWest, Inc. (SKYW) : Free Stock Analysis Report
 
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
 
Trinity Industries, Inc. (TRN) : Free Stock Analysis Report
 
AZUL SA (AZUL) : Free Stock Analysis Report
 
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Zacks Investment Research