Azul (AZUL) news

Abra to appeal approval of Azul-American Airlines deal: Valor

Abra, the holding company that owns Gol, Avianca, Sky, and Wamos airlines, has announced its intention to appeal the approval of American Airlines' $100 million investment in Azul, according to Valor International. The investment, which grants American an 8.66% equity stake in Azul and the right to…

Azul 2Q adj net loss R$1.07B vs. loss R$475.8M y/y

Azul reported an adjusted net loss of R$1.07 billion in the second quarter, compared to R$475.8 million in the previous year . The increase in the net loss was primarily attributed to capital optimization plan adjustments , including early aircraft redeliveries and restructuring costs. Despite…

Azul 2Q net revenue R$4.98B, +0.7% y/y

Azul 2Q EBITDA R$510.1M, -55% y/y

Azul (AZUL3.SA) reported second-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) of R$510.1 million, representing a 55% year-over-year decline . The results reflect a challenging operating environment, despite the company's efforts to optimize its capital structure…

Azul says Restate increased its stake to 10.5%

Azul S.A. (B3: AZUL53; OTC: AZULQ) has announced that Restate has increased its stake in the company to 10.5%. The move comes amid the airline’s ongoing restructuring efforts, which have included conversion of preferred shares into common shares as part of its Chapter 11 process. The recent capital…