Azul(AZUL) - 2022 Q2 - Earnings Call Presentation

Financial Performance - Net revenue more than doubled compared to 2Q21 and increased by 50% compared to 2Q19[12] - The company achieved a 26% increase in RASK (Revenue per Available Seat Kilometer) despite a 19% growth in capacity[12] - EBITDA reached R$880 million, a 20% increase compared to 2Q19, including fuel hedge gains[17] - Azul shipped approximately 3 million packages in 2Q22, which is more than 80% above 2Q19 levels[30] Operational Efficiency - The airline reported an average on-time performance of 65.7% in June 2022[11] - Employee productivity increased by 10% compared to 2Q19[11] - Fuel consumption decreased by 10% compared to 2Q19 due to fleet transformation[11] Strategic Advantages - The company highlights its unparalleled network, flexible and fuel-efficient fleet, and fast-growing, high-margin businesses as sustainable competitive advantages[7] - Next-generation aircraft account for 30% of ASKs (Available Seat Kilometers)[10] - TudoAzul, the company's loyalty program, saw gross billings increase by 60% compared to 2Q19, and redemptions also increased by 60% compared to 2Q19[30] Market Position - Azul is the only carrier in approximately 80% of its routes[11] - The company anticipates fares to increase with favorable seasonality and expects lower jet fuel prices in Brazil due to a drop in international oil prices[29] - Azul is expected to more than double its presence in Congonhas Airport due to new slot distribution rules, increasing from 41 to 80+ slots[31]