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Azul receives Court approvals to move forward with accelerated transformation process for the future, together with its strategic partners
Prnewswire· 2025-05-30 15:52
Core Points - Azul S.A. has filed for voluntary Chapter 11 petitions in the United States to restructure its financial situation [1][2] - The company has received interim court approvals for its "First Day" motions, allowing it to access US$250 million of its US$1.6 billion debtor-in-possession financing [2][3] - The CEO of Azul stated that these approvals are crucial for the company's long-term success and will help reduce leverage while generating cash [3] Company Operations - Azul continues to operate normally, honoring all tickets, loyalty points, travel packages, and customer benefits during the restructuring process [1] - The company operates over 900 daily flights to more than 150 destinations with a fleet of over 200 aircraft [6] Financial Support - The company is supported by various legal and financial advisors, including Davis Polk & Wardwell LLP and Guggenheim Securities, LLC [5] - Key financial stakeholders such as United Airlines, American Airlines, and AerCap are backing Azul during this restructuring [3] Future Plans - A "Second Day" hearing is scheduled for July 9, 2025, to consider the company's requested relief on a final basis [3] - The restructuring process aims to position Azul for an accelerated transformation and improved financial health [3]
巴西航空公司Azul寻求破产保护。
news flash· 2025-05-28 10:11
巴西航空公司Azul寻求破产保护。 ...
Azul transforms for the future as Company reaches agreements on financial reorganization with key stakeholders, including its lenders, largest lessor, and strategic partners United Airlines and American Airlines
Prnewswire· 2025-05-28 10:11
Operations and sales continue as usual, honoring all tickets, loyalty points, and Customer benefits, safely connecting Brazil with Azul's industry-leading Customer service. SÃO PAULO, May 28, 2025 /PRNewswire/ -- AZUL S.A. (B3: AZUL4; NYSE: AZUL) ("Azul" or "Company"), the largest airline in Brazil by number of flight departures and destinations, today announced it has entered into Restructuring Support Agreements (the "Agreements") with its key financial stakeholders, including its existing bondholders; la ...
Should Investors Bet on AZUL Stock Despite Reporting a Loss in Q1?
ZACKS· 2025-05-20 17:51
Core Viewpoint - Azul S.A. reported lower-than-expected first-quarter 2025 results, with both bottom line and top line lagging behind the Zacks Consensus Estimate, leading to a 9.3% drop in share price following the earnings release [1][2]. Financial Performance - The company incurred a loss of $2.18 per share in Q1 2025, contrasting with the Zacks Consensus Estimate of earnings of 4 cents per share, and a loss of 57 cents in Q1 2024 [3]. - Total revenues were $920 million, falling short of the Zacks Consensus Estimate of $925 million, despite a 15.2% year-over-year growth in passenger revenues, which accounted for 93% of total revenues [4]. - Cargo revenues and other grew by 17.3% year-over-year, with international cargo revenues increasing by 62% year-over-year [5]. - Consolidated traffic, measured in revenue passenger kilometers (RPKs), rose 19.4% year-over-year, with domestic and international traffic increasing by 14.7% and 38.3%, respectively [6]. - Total revenues per available seat kilometer (RASK) were R$42.14 cents, down 0.2% year-over-year, while passenger revenues per available seat kilometer (PRASK) decreased by 0.4% year-over-year [7]. Business Growth and Customer Satisfaction - Significant improvements in customer satisfaction were noted, with scores recovering by over 30 points in March 2025 compared to December 2024, leading to AZUL being ranked as the best airline in Brazil for the third consecutive year [8]. - The loyalty program, Azul Fidelidade, has nearly 19 million members, with active users increasing by 12% year-over-year, and gross bookings for Azul Viagens increased by 57% year-over-year [9]. - The logistics business, Azul Cargo, saw total revenue increase by 18% year-over-year, primarily driven by a 62% increase in international revenues [10]. Cost Management and Operational Efficiency - Despite macroeconomic challenges, cost reduction initiatives and productivity improvements have been effective, with productivity measured in ASKs per full-time equivalent increasing by 19% year-over-year [11]. - Fuel efficiency improved, with consumption per ASK dropping by 2.5% from the previous year [11]. - Operating expenses rose to R$4.82 billion, a 24.4% increase year-over-year, influenced by various factors including currency depreciation and fuel price increases [14]. Valuation and Market Position - AZUL is trading at a discount compared to the industry based on its forward 12-month price-to-sales ratio, with a Value Score of A [13]. - The company's shares have declined by 66.5% year-to-date, underperforming the Zacks Airline industry and other airline operators [18][20]. Investment Considerations - While AZUL stock is attractively valued and benefits from strong air travel demand, investors are advised to monitor the company's developments closely before making investment decisions [21][23].
AZUL's Q1 Earnings and Revenues Fall Short of Expectations
ZACKS· 2025-05-16 18:36
Azul S.A. (AZUL) incurred a loss of $2.18 per share in the first quarter of 2025,in contrast to the Zacks Consensus Estimate of earnings of 4 cents per share. Loss per share was 57 cents in the first quarter of 2024.Total revenues of $920 million lagged the Zacks Consensus Estimate of $925 million. AZUL’s first-quarter 2025 revenues benefit from a healthy demand environment, robust ancillary revenues and the outstanding performance of its business units. With more people taking to the skies, Azul’s passenge ...
Azul(AZUL) - 2025 Q1 - Quarterly Report
2025-05-14 12:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May, 2025 Commission File Number: 001-38049 Azul S.A. (Name of Registrant) Edifício Jatobá, 8th floor, Castelo Branco Office Park Avenida Marcos Penteado de Ulhôa Rodrigues, 939 Tamboré, Barueri, São Paulo, SP 06460-040, Brazil. +55 (11) 4831 2880 (Address of Principal Executive Office) Indicate by check ...
AZUL (AZUL) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-05-12 17:05
Investors might want to bet on AZUL (AZUL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnin ...
Down -57.05% in 4 Weeks, Here's Why You Should You Buy the Dip in AZUL (AZUL)
ZACKS· 2025-05-12 14:35
AZUL (AZUL) has been on a downward spiral lately with significant selling pressure. After declining 57.1% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is over ...
Azul Files 20-F Report for Fiscal Year 2024 in the U.S.
Prnewswire· 2025-04-29 18:24
SÃO PAULO, April 29, 2025 /PRNewswire/ -- Azul Brazilian Airlines (B3:AZUL4, NYSE: AZUL) announces that it filed its Form 20-F report for the fiscal year 2024 with the U.S. Securities and Exchange Commission (SEC) on Monday, April 28.The report is available on the SEC's website at www.sec.gov and on Azul's Investor Relations website at ri.voeazul.com.br. Azul's shareholders and holders of American depositary shares can also request the document from Azul's Investor Relations department.About Azul  Azul S.A. ...
Azul(AZUL) - 2024 Q4 - Annual Report
2025-04-28 23:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2025 Commission File Number: 001-38049 Azul S.A. (Name of Registrant) Edifício Jatobá, 8th floor, Castelo Branco Office Park Avenida Marcos Penteado de Ulhôa Rodrigues, 939 Tamboré, Barueri, São Paulo, SP 06460-040, Brazil. +55 (11) 4831 2880 (Address of Principal Executive Office) Indicate by che ...