Azul S.A. American Depositary Shares (each representing three preferred shares) (AZUL)

Yield over volume paid off, but fuel costs and currency swings still cloud the outlook.

Azul (NYSE:AZUL) reported higher third-quarter revenue, earnings and liquidity as the Brazilian airline shifted capacity toward stronger markets and raised unit revenue, though executives declined to provide guidance amid volatile fuel prices and exchange rates. Operating revenue rose 13.2% from th