Azul(AZUL)

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Here's Why Investors Should Give AZUL Stock a Miss Now
ZACKS· 2024-09-18 14:50
AZUL’s (AZUL) financial stability is challenged by escalated operating expenses and weak liquidity. Elevated labor costs are putting a strain on the company’s bottom line, making it an unattractive choice for investors’ portfolios.Let’s delve deeper.AZUL: Risks to WatchSouthward Earnings Estimate Revision:The Zacks Consensus Estimate for current-quarter earnings has been revised 70% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 35% south in the same time frame ...
Max Resource Reports Results Including: 1.8% Copper and 7.2 g/t Silver over 48.0m on AM-13 at Its Sierra Azul Project, Colombia
Newsfile· 2024-08-20 12:00
Core Insights - MAX Resource Corp. announced significant assay results from the AM-13 target at its Sierra Azul Copper-Silver Project in Colombia, reporting 1.8% Copper and 7.2 g/t Silver over 48.0m [2][3] - The discovery includes high-grade mineralization with notable intervals of 3.4% Copper and 14.0 g/t Silver over 15.0m, and 3.5% Copper and 15.7 g/t Silver over 5.0m [3] - The company is prioritizing further exploration to establish continuity of mineralization between Cedro and Mapurito valleys, indicating potential for a world-class deposit [6][10] Exploration and Results - The AM-13 target is located in the AM District of the Sierra Azul Project, characterized by Manto-style mineralization similar to deposits in northern Chile [4][8] - A 44.0m wide mineralized outcrop has been identified in the Mapurito valley, suggesting significant size potential for the project [4][10] - The exploration program includes detailed mapping, soil sampling, and geophysical surveys to confirm mineralization continuity [6][10] Mineralization Characteristics - Primary copper minerals identified include native copper and chalcocite, indicating a sulphur-poor depositional environment conducive to high-grade mineralization [5][8] - The mineralization at AM-13 is structurally prepared by faulting and hosted in andesitic tuff, with rock samples showing high copper grades [8][9] Project Background - The Sierra Azul Copper-Silver Project spans over 120 km and includes three districts: AM, Conejo, and URU, with a total land tenure of 188 km² [16][25] - MAX Resource has entered into an Earn-In Agreement with Freeport-McMoRan, allowing Freeport to earn an 80% interest in the project by investing $50 million [17] - The 2024 exploration program has a budget of US$4.2 million, focusing on systematic regional exploration across the Sierra Azul Project area [18]
Azul Entrusts Viasat to Deliver Advanced In-Flight Connectivity to Airbus A330-900neo Fleet
Prnewswire· 2024-08-20 09:00
SÃO PAULO and CARLSBAD, Calif., Aug. 20, 2024 /PRNewswire/ -- Azul, the largest airline in Brazil by number of departures and cities served, and Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that seven aircraft in Azul's new Airbus A330-900neo fleet will be equipped with Viasat's trusted Ka-band in-flight connectivity solution, with the first aircraft scheduled to enter service next year.Consistent with the in-flight Wi-Fi offering on Azul's other aircraft types eq ...
AZUL's Q2 Loss Wider-Than-Expected, Revenues Decrease Y/Y
ZACKS· 2024-08-13 17:56
Azul S.A. (AZUL) incurred a loss of $1.23 per share in the second quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 76 cents. Loss per share was 81 cents in the second quarter of 2023.Total revenues of $800.7 million outpaced the Zacks Consensus Estimate of $791.4 million but declined year over year. The year-over-year downfall is owing to the impact of the Rio Grande do Sul floods in May and the temporary reduction in the company’s international capacity.With more people taking to the s ...
C3 Metals Wholly Owned Subsidiary, Molino Azul S.A.C., Executes Agreement with Cancahuani Community to Provide Surface Access Rights at Khaleesi Copper-Gold Porphyry-Skarn Project in Peru
Newsfile· 2024-08-13 11:00
Core Viewpoint - C3 Metals Inc. has successfully executed a surface access rights agreement with the Cancahuani community for its Khaleesi copper-gold project in Southern Peru, which is crucial for advancing the project's exploration and permitting process [2][3]. Company Overview - C3 Metals Inc. is a mineral exploration company focused on discovering and developing large copper and gold deposits, holding approximately 30,000 hectares in the Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru [10]. - The company has expanded its mineral concession package from 57 sq. km to 300 sq. km since entering Southern Peru in 2020 through a merger [4]. Project Details - The Khaleesi project is an undrilled copper-gold skarn and porphyry prospect located approximately 38 km east of the Las Bambas mine and 43 km northwest of the Constancia mine [3]. - Initial fieldwork at Khaleesi has identified high-grade copper-gold mineralization over a mapped area of 1.5 km by 1.0 km [3]. - The project is situated in a geologically favorable area, with proximity to major mining operations, enhancing its exploration potential [3][10]. Recent Developments - The surface access agreement is a critical step for obtaining the Declaration of Environmental Impact (DIA) necessary for drilling permits [2][3]. - The company plans to conduct soil geochemical data collection and aggressive surface mapping and rock sampling now that the surface access agreement is in place [8][9]. - Drilling at Khaleesi is anticipated to commence as early as 2025, contingent upon the completion of the permitting process [9]. Future Plans - C3 Metals has identified over 15 skarn and multiple porphyry prospects within its mineral concession package, with Khaleesi being the highest priority due to its high-grade potential [8]. - The company aims to complete detailed mapping and sampling before drilling, leveraging the support of the Cancahuani community to facilitate the permitting process [9].
Azul(AZUL) - 2024 Q2 - Earnings Call Transcript
2024-08-12 21:45
Azul S.A. (NYSE:AZUL) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Thais Haberli - Head, Investor Relations John Rodgerson - Chief Executive Officer Abhi Shah - President David Neeleman - Founder and Chairman Alexandre Malfitani - Chief Financial Officer Conference Call Participants Savanthi Syth - Raymond James Alberto Valerio - UBS Gabriel Rezende - Itau Guilherme Mendes - JPMorgan Victor Mizusaki - Bradesco Joao Frizo - Goldman Sachs Michael Linenberg - Deutsche Bank ...
Azul: Pricing Power Provides Inflection Point
Seeking Alpha· 2024-08-10 11:12
Boarding1Now/iStock Editorial via Getty Images Introduction Azul (NYSE:AZUL) survived the pandemic by negotiating with airplane leasing companies and other suppliers a combination of suspended payments in return for higher rates in the hope of a rapid return to normalcy. Unfortunately, Brazil´s helicopter money programs drove the BRL (Brazilian Real) to devalue by 50% between 2021 and 2023 which caused debt interest payments to consume more than the operating cash flow, despite the revenue recovery. Thi ...
AZUL Readies to Report Q2 Earnings: What's in the Offing?
ZACKS· 2024-08-08 15:15
AZUL (AZUL) is scheduled to report second-quarter 2024 results on Aug 12 before market open.AZUL has a discouraging earnings surprise history, having missed the Zacks Consensus Estimate in each of the trailing four quarters. The average miss is 51.3%.The Zacks Consensus Estimate of a loss in the soon-to-be-reported quarter has been revised downward by 1.56% in the past 60 days to 65 cents per share. Meanwhile,the Zacks Consensus Estimate for revenues is pegged at $882.6 million, which indicates growth of 2. ...
Max Resource Announces the 2024 Exploration Program for the Sierra Azul Copper-Silver Project, Funded by Freeport-McMoRan Exploration Corporation
Newsfile· 2024-07-30 12:00
Core Viewpoint - MAX Resource Corp. has announced a USD $4.2 million exploration program for its Sierra Azul Copper-Silver Project in Colombia, funded by Freeport-McMoRan Exploration Corporation under an earn-in agreement [1][2]. Exploration Program and Budget - The exploration program aims to conduct systematic regional exploration over an area exceeding 1,300 square kilometers and to define priority drilling targets [2]. - This budget represents the largest annual exploration budget to date for the company [2]. Objectives of the Exploration Program - The program has two main objectives: Drill Target Development and Regional Exploration [3]. - Drill Target Development will focus on 28 priority targets across three districts, with activities including geological mapping, soil sampling, and geophysical surveys [3]. - The Regional Exploration Program will involve collecting up to 7,500 soil samples and 1,600 stream sediment samples, along with structural analysis and geological mapping [3]. Recruitment and Community Engagement - To support the exploration efforts, the company is recruiting additional geologists and technicians [4]. - The company will also continue its corporate social responsibility initiatives, engaging with local communities and maintaining communication with government authorities [4]. Project Background - The Sierra Azul Copper-Silver Project consists of three districts: AM, Conejo, and URU, covering a total of 188 square kilometers of mining concessions and 1,141 square kilometers of mineral concession applications [6]. - Under the earn-in agreement with Freeport, the latter can earn an 80% interest in the project by spending a total of USD $50 million and paying USD $1.55 million in cash to MAX [6]. District Highlights - In the AM District, significant copper and silver values have been documented, with a 15-kilometer mineralized corridor identified [7]. - The Conejo District has shown promising mineralization with surface samples averaging 4.9% copper, and two priority targets have been established [8]. - The URU District has identified a 20-kilometer mineralized corridor with notable drill results, including intersections of 7.0% copper and 115 g/t silver [9].
Azul and GOL start selling 40 shared routes across Brazil
Prnewswire· 2024-07-11 14:17
The Codeshare agreement, announced at the end of May, offers more travel options and convenience to Customers SÃO PAULO, July 11, 2024 /PRNewswire/ -- The airlines Azul and GOL reinforce this wednesday the commercial cooperation agreement that connects the networks of both companies through a codeshare agreement. Starting today, 40 non-overlapping routes will be available for sale on the companies' channels, with the addition of many more routes expected over the coming weeks. On Azul's sales channels, 20 i ...