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Azul's first-quarter 2024 revenues benefit from buoyant travel demand.
Azul S.A., "Azul", (B3:AZUL4, NYSE: AZUL announces that it filed with the U.S. Securities and Exchange Commission (SEC) today its Form 20-F report for the fiscal year ended 2023.
Brazilian airline Azul's losses narrowed in the first quarter to 324.2 million reais ($62.86 million), it reported on Monday, as demand for air travel in the country picked up. The airline, which has faced high leasing and interest costs, has also been hurt by the depreciation of Brazil's real against the dollar and reported a loss of 847.3 million reais related to foreign exchange swings in the first quarter.
Brazilian airline Azul's net losses narrowed and operating figures hit all-time highs for the first quarter driven by healthy demand for air travel in the country, it said on Monday, sending its shares higher. The top line landed slightly below the 4.88 billion reais expected by analysts polled by LSEG.
LATAM Airlines' share of Brazil's domestic market reached its highest level in 11 years in March, data from local aviation regulator ANAC showed on Monday, while rival Gol continued to falter after filing for bankruptcy. The Brazilian unit of Chile-based LATAM had a market share of 41% in the month as defined by revenue passenger-kilometers (RPK), according to ANAC figures, which the firm said was its highest since the 41.6% reached in July 2013. LATAM has been leading the domestic segment in ...
As headwinds build, Azul looks to consolidate.
(Bloomberg) -- Azul SA’s pursuit of a merger with Gol Linhas Aereas Inteligentes SA has gained momentum, with talks underway for a deal with the controlling shareholder of the rival Brazilian airline, according to people familiar with the matter.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Dea
For the second consecutive year, Azul, the largest airline in daily flights and destinations served in Brazil, won the title of two-time champion at the American Maintenance Competition (AMC), an annual aeronautical maintenance tournament. The company was represented by two teams formed by AzulTecs, as those responsible for the maintenance area are called. The competition took place in Chicago, United States, on the last days of April 9, 10, and 11.
JetBlue (JBLU) expands its international presence. Alaska Air (ALK) expects its long-term profitability to be hurt due to Boeing's woes.
Dennis Carr, who took the reins of the agave-based soda brand last month, said drinkers are shifting to spirits because of their lower calorie count as malt-based RTD offerings see a decline.