Azul's margins have benefited from jet fuel prices decreasing 30% YoY in Brazil. However, this trend reverted in 3Q23. The company has been moderately successful in recapitalizing via issuing equity ...
Azul's 2Q24 includes negative one-time events, including BRL depreciation and RGS floods, leading to pre-FX losses of BRL 800 million. Despite good operating and EBITDA margins, Azul's high debt costs ...