Azul S.A. Ends Merger Talks with Abra Group
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Azul S.A. has announced the termination of merger discussions with Abra Group Limited, including the end of a codeshare agreement. The airline will honor all tickets issued under the terminated agreement and aims to strengthen its capital structure. This decision may affect Azul's strategic position in the airline industry. Analysts rate AZULQ stock as a Hold with a $0.50 price target, citing financial challenges and bearish momentum, despite positive cash flow from operations. Azul is Brazil's largest airline, operating over 1,000 daily flights.
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