AZUL Posts Wider-Than-Expected Q1 Loss, Sees Y/Y Revenue Rise

Azul S.A. (AZUL) incurred a loss of 57 cents per share in the first quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 53 cents. Loss per share was 99 cents in the first quarter of 2023.Total revenues of $945 million lagged the Zacks Consensus Estimate of$968.2 million but increased year over year. The year-over-year improvement was due to a healthy demand environment (both domestic and international), robust ancillary revenues, and growth in the company’s other business units.With more ...