Why Shares in Brazilian Airline Azul Rose 5% Today

Shares in Brazilian airline Azul (NYSE: AZUL) were up more than 5% at 1 p.m. EDT. The move comes from positive sentiment on the airline sector in general and a recognition that Azul is one of the best-positioned airlines to benefit from a multiyear recovery in commercial aviation. Jet fuel is a crucial component of airline costs, and now that the price of oil per barrel has dropped below $100 from around $125 a couple of weeks ago, investors are feeling a bit more optimistic about the profit outlook for the sector.