Shares of Latin American carrier Azul AZUL shed 64.2% of value compared with the industry’s 38.3% decline in the past month.Echoing the plight of most of its peers, Azul has been badly affected by the deflated air-travel demand due to the coronavirus outbreak, which dimmed its prospects in the process.Coronavirus-Triggered Tumult Deters Azul’s GrowthDue to the coronavirus-induced feeble demand, Azul plans to cut consolidated capacity by 90% in the Mar 25-Apr 30 timeframe. During the period, the company aims to operate 70 non-stop flights per day to 25 cities.Azul’s Latin American counterparts Gol Linhas GOL and LATAM Airlines LTM also trimmed capacity to match the extremely low-demand scenario. Another Latin American carrier Copa Holdings CPA temporarily terminated all passenger operations.Coming back to Azul, in a bid to cut costs for aiding its bottom line in such challenging times, the company decided to reduce its April payroll expenses by nearly 65%. To this end, it halved the pay for executive officers and directors apart from slashing managers’ salaries by 25%.Moreover, the carrier deferred its 2019 profit sharing process apart from putting a pause on hiring personnel to manage fixed costs.Negative Estimate Revisions and Lackluster Momentum ScoreThe pessimism revolving around the stock is evident from the Zacks Consensus Estimate for current-year earnings being revised 53.2% downward in the past 60 days to $1.31.The company’s Momentum Score of F further highlights its short-term unattractiveness.Additionally, Azul carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Zacks Top 10 Stocks for 2020In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.Access Zacks Top 10 Stocks for 2020 today >> 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 Copa Holdings, S.A. (CPA): Free Stock Analysis Report LATAM Airlines Group S.A. (LTM): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research