Why Azul Stock Is Flying Higher Today

The airline is finally making progress toward consolidating Brazil's domestic air travel market.Brazilian airline Azul (AZUL 4.94%) has sealed an alliance with rival Gol Linhas Aereas Inteligentes that could lead to an eventual merger.Investors are optimistic the agreement will help the industry gain pricing power, sending shares of Azul up by as much as 11% in early trading. As of 2:20 p.m. ET, those gains had moderated to about 5%.The start of a merger process?Azul has been one of the top airlines in Lati ...