AZUL December Passenger Traffic Increases From 2022 Levels

Azul S.A. (AZUL) reported double-digit year-over-year increases in traffic and capacity for December 2023. In December, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 5.7% and 2.9%, respectively, on a year-over-year basis. With consolidated passenger traffic growth outpacing capacity expansion, the load factor (the percentage of seats filled by passengers) improved to 79.8% from 77.6% in December 20 ...