With air-travel demand increasing gradually, Azul S.A. AZUL reported impressive June traffic numbers, backed by the double-digit rise in domestic traffic on a month-over-month basis. Moreover, consolidated load factor (% of seats filled by passengers) inched up as consolidated traffic demand was more than the capacity expansion.Consolidated load factor increased 4.1 percentage points month over month to 79.6%. Apart from a 6.7 percentage point rise in international load factor to 81%, the metric increased 3.7 percentage points to 79.4% on the domestic front, thereby bumping up the overall figure.Consolidated traffic (measured in revenue passenger kilometers or RPKs) surged 40.7% on a month-over-month basis. While international traffic declined 10.6%, the metric soared 50.1% on the domestic front. Consolidated capacity (measured in available seat kilometers/ASKs) jumped 33.3% owing to 43% domestic expansion from the June reading. International capacity, however, contracted 18% mainly to match the dismal air-travel demand scenario.Management at Azul, which competes with the likes of Gol Linhas GOL and Copa Holdings CPA in the Latin American aviation space, also stated that it expects to operate 407 peak daily departures in September compared with 303 in August.Moreover, Azul, which will release second-quarter 2020 results on Aug 13, expects total liquidity (including cash and cash equivalents, short-term investments and accounts receivables) to be R$2.3 billion at June-quarter end compared with R$2.2 billion at the end of the March quarter.Zacks Rank & Key PickAzul currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the Zacks Transportation sector is Canadian Pacific Railway Limited CP, carrying a Zacks Rank #2 (Buy), presently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Canadian Pacific’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 6.5%. More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report Canadian Pacific Railway Limited (CP): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research