Azul(AZUL) - 2024 Q4 - Annual Report

Form 6-K Report: Update on Outstanding Shares Update on Outstanding Shares Azul updates total outstanding shares following a capital increase and debt conversion into preferred shares - Total outstanding shares updated to include shares from a capital increase for aircraft lessors, controlling shareholders, and a debt conversion of 35% of notes due in 2029 and 2030 into preferred shares[5] - Key share issuances in April 2025 included 96,009,988 new preferred shares to lessors on April 3, 1,200,000,063 new common shares to controlling shareholders on April 10, and 450,572,669 new preferred shares for bondholders on April 28[9] Updated Shareholder Information | Shareholders | Common Shares | % Common Shares | Preferred Shares | % Preferred Shares | Total Economic Shares (1 PS = 75 CS) | % Economic Interest | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | David Neeleman | 1,426,406,701 | 67.0% | 7,329,683 | 0.8% | 26,348,439 | 2.85% | | Trip Shareholders** | 702,558,420 | 33.0% | 5,981,040 | 0.7% | 15,348,486 | 1.66% | | United Airlines, Inc. (Calfinco) | - | - | 18,632,216 | 2.1% | 18,632,216 | 2.02% | | Others | - | - | 863,832,318 | 96.4% | 863,832,318 | 93.45% | | Treasury | - | - | 264,496 | 0.0% | 264,496 | 0.03% | | TOTAL | 2,128,965,121 | 100.0% | 896,039,753 | 100.0% | 924,425,955 | 100.0% | About Azul Azul S.A. is Brazil's largest airline, recognized for extensive operations and high service quality - Azul is the largest airline in Brazil by flight departures and cities served[8] - Operational metrics include over 1,000 daily flights, more than 150 destinations, and a fleet of over 180 aircraft with more than 15,000 Crewmembers[8] - Azul received international recognition as the most on-time airline in 2022 by Cirium and the best airline in 2020 by TripAdvisor[8] Signatures The report is formally signed by Azul S.A.'s CFO, Alexandre Wagner Malfitani, on April 28, 2025 - The report was signed by Alexandre Wagner Malfitani, Chief Financial Officer of Azul S.A[11][13] - The signature date is April 28, 2025[12]