Previous Close | 0.4500 |
Open | 0.4500 |
Bid | 0.0500 |
Ask | 1.3500 |
Strike | 15.00 |
Expire Date | 2024-08-16 |
Day's Range | 0.4500 - 0.4500 |
Contract Range | N/A |
Volume | |
Open Interest | 12 |
(Bloomberg) -- An agreement between Azul SA and Gol Linhas Aereas Inteligentes SA to connect their flight networks is the first step toward the companies consolidating, according to one person familiar with the matter.Most Read from BloombergYellen Says Higher Path for Rates Boosts Need to Lift RevenueWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesBiden to End Tariff Exclusions on Hundreds of Chinese ProductsHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysTesla Shareholde
Azul continues to anticipate 2024 EBITDA to be around R$6.5 billion.
Shares in Brazilian airlines Azul and Gol soared on Friday after they announced a codeshare agreement, connecting their networks and frequent flyer programs in a move that reignited speculation about a potential merger. Azul shares jumped over 10% on the announcement, while shares of Gol rose as much as 19%. Gol and Azul are respectively Brazil's second and third-largest airlines by revenue passenger kilometer, a gauge of traffic.