Azul S.A.

Azul S.A.

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USD
- -
- -
1.42EPS
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
33.03
36.62
39.49
42.09
47.7
55.63
69.68
34.74
59.98
95.33
110.92
116.65
48.41
80.72
Basic EPS, GAAP
0.13
-0.41
-6.78
-0.8
2.63
-3.9
-14.63
-65.53
-25.33
-4.32
-14.23
-54.67
0.28
7.36
Free Cash Flow per Basic Share
3.88
-0.95
-10.37
-2.45
1.63
3.55
6.3
3.17
-6.54
9.65
16.78
11.18
-3.62
-6.29
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.01
2.63
-2.47
6.32
-2.42
-7.06
-21.43
-85.57
-110.24
-113.62
-127.5
-181.81
-64.95
-28.03
Tangible Book Value per Share
-2.57
-2.99
-8.3
0.37
-8.37
-13.31
-28.05
-92.65
-118.4
-122.15
-136.25
-191.13
-68.39
-36.39
Basic Weighted Avg Shares
158
158
158
158
162
163
164
165
166
167
167
167
447
269
Sales/Revenue/Turnover
5,234
5,803
6,258
6,670
7,705
9,057
11,442
5,744
9,976
15,948
18,554
19,526
21,640
21,754
Operating Margin (%)
8.95
6.91
-2.68
5.16
16.13
13.18
14.87
-37.55
-10.23
2.05
7.63
16.63
14.64
10.44
Depreciation Expense
200
198
218
301
1,063
1,284
1,622
1,806
1,544
2,094
2,404
2,564
3,013
2,837
Net Income, GAAP
21
-65
-1,075
-126
425
-636
-2,403
-10,835
-4,213
-722
-2,380
-9,151
125
1,982
Effective Tax Rate (%)
78.47
- -
- -
815.01
- -
- -
- -
- -
- -
- -
- -
- -
0.01
- -
Profit Margin (%)
0.4
-1.12
-17.18
-1.89
5.51
-7.02
-21
-188.62
-42.23
-4.53
-12.83
-46.87
0.58
9.11
Working Capital
-1,287
-1,029
-2,205
-1,707
-653
-1,586
-2,723
-4,795
-5,864
-10,184
-9,705
-15,684
-23,170
-8,599
LT Debt
2,251
2,692
3,562
3,049
8,588
10,279
13,558
16,751
20,388
18,066
21,234
28,897
18,942
17,477
Total Equity
476
416
-392
1,002
-391
-1,150
-3,519
-14,149
-18,333
-19,007
-21,328
-30,435
-29,038
-5,155
Return on Invested Capital (%)
2.87
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-51.2
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- -
- -
- -
- -
- -
- -
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54.14
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Return on Capital (%)
2.25
- -
- -
-95.4
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- -
- -
- -
- -
- -
- -
- -
97.64
- -
Return on Common Equity (%)
5.01
-14.57
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- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
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Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17,226
3,566
3,939
LT Borrowings
9,585
8,645
8,536
LT Finance Leases
9,358
8,432
8,941
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
447
- -
184
Market Capitalization
- -
- -
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Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,304
7,228
6,293
Cash, Cash Equivalents & STI
1,018
2,088
1,269
Accounts Receivable, Net
2,723
2,570
2,390
Inventories
973
975
1,096
Total Current Liabilities
29,473
14,479
14,892
Payables & Accruals
5,509
4,549
3,396
ST Debt
17,226
3,566
3,939
Deferred Revenue
6,241
5,675
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Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.13%
16.71%
-4.59%
Free Cash Flow
-79.71%
-140.45%
-186.56%
Net Income, GAAP
12.34%
53.73%
-101.36%
Sales/Revenue/Turnover
18.22%
33.19%
10.83%
Total Cash Common Dividend
- -
- -
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Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,678
4,173
5,130
5,545
19,526
2025
5,394
4,942
5,737
5,567
21,640
2026
5,471
4,979
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Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-6.28
-21.27
0.72
-26.36
-54.67
2025
7.68
2.89
-3.06
-3.65
0.28
2026
6,875,034.26
-5.66
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- -
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Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
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2025
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- -
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2026
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Company Description

CEO
John Peter Rodgerson
Full Time Employees
14,674
Sector
Transportation
Industry
Airlines
Address
Av. Marcos Penteado de Ulhôa Rodrigues Barueri SP Brazil 06460-040
IPO Date
Jan 13, 2026
Business
Azul S.A. operates as a Brazilian airline group providing passenger and cargo scheduled air transportation services. Main products and services include domestic and international passenger flights; cargo and mail transportation; maintenance, repair and overhaul (MRO) services; and ancillary travel services such as ticketing, check-in, and loyalty program participation. The company markets and distributes seats under its Azul brand and related service offerings through its online platforms, call centers, and travel agents. Geographic operations span Brazil and select international routes in South America and the Caribbean, with a focus on serving the Brazilian market and regional connectivity. Azul S.A. is headquartered in São Paulo, Brazil, and was founded in 2008. The company participates in airline alliances and partnerships to extend network reach and optimize fleet utilization, and maintains subsidiaries and affiliates across its corporate structure to support fleet operations, maintenance, and regional services. Azul S.A. maintains a diversified fleet and operates under regulatory oversight of Brazilian aviation authorities, with strategic initiatives centered on network expansion, fleet optimization, digitization of sales channels, and cost efficiency programs to improve profitability and market share.

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