Azul Posts Increase In November Traffic And Load Factor
Zacks Investment Research | Dec 06, 2018 09:45PM ET
Azul S.A. (NYSE:AZUL) delivered impressive traffic figures for November 2018. Consolidated traffic (measured in revenue passenger kilometers or RPKs) improved 14.4% to 1.9 billion on the back of 19.8% rise on the international front and 12.9% growth on the domestic front.
On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) expanded 12.4% to 2.2 billion, owing to 18.7% growth in international capacity and 10.8% rise in domestic capacity.
Consolidated load factor (percentage of seats filled by passengers) inched up 1.5 percentage points (pp) to 83.6%, courtesy of traffic growth outpacing capacity expansion. Domestically, load factor increased to 82.5% from 80.9% in the year-ago period. Load factor on the international front expanded to 87.7% from 86.9% in the prior-year period.
At the end of the first 11 months of 2018, RPK was up 16.7% and ASK grew 16.3%. Also, load factor inched up 0.3 pp to 82.2% on a year-over-year basis.
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