Azul's (AZUL) February Traffic And Load Factor Increase
Zacks Investment Research | Mar 11, 2020 08:08AM ET
Azul S.A. (NYSE:AZUL) reported impressive traffic numbers for February, 2020. Both domestic as well as international demand and supply increased on a year-over-year basis. Moreover, consolidated load factor (% of seats filled by passengers) increased primarily owing to 36.1% rise in international traffic.
Traffic Statistics in Detail
Consolidated traffic (measured in revenue passenger kilometers or RPKs) rose 25.1% year over year to 2.58 billion. Apart from stellar growth in international traffic, the metric also increased in double digits on the domestic front , thereby buoying the overall figure. Consolidated capacity (measured in available seat kilometers/ASKs) expanded 25.1% to 3.9 billion, driven by 22.7% and 32.8% increase in domestic and international capacity, respectively.
Consolidated load factor increased to 81.6%. While Domestic load factor declined 0.5 percentage points to 81.6%, the metric increased 1.9 percentage points to 79.9% on the international front.
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