Azul, one of Brazil’s leading airlines, reported a robust financial performance for the first quarter of 2025. The airline posted a net income of $138 million, a significant turnaround from previous losses, fueled by a 15.3% year-on-year increase in operating revenue, which reached $957 million. Azul’s total liquidity rose to $1.1 billion, underscoring its strong financial footing heading into…
Azul, one of Brazil’s largest airlines, has obtained a fresh round of funding totaling approximately US$106 million from its existing bondholders. This infusion supports the airline’s ongoing financial restructuring and reinforces its short-term liquidity amid a challenging macroeconomic environment for Latin American carriers.
Azul has announced a significant change in its capital structure through the conversion of 35% of notes due in 2029 and 2030 into preferred shares, as part of a broader capital increase initiative. The move aims to improve the airline’s balance sheet and reduce debt burdens in the face of continued financial pressures across the Brazilian aviation sector.
Azul (Brazil) has initiated a primary public offering of preferred shares, beginning with a base offering of 450 million shares, with the option to increase the total offering up to 697 million shares. The move marks a significant step in the carrier’s strategy to reinforce its balance sheet and support long-term operational resilience.
Azul has expanded its regional fleet with the delivery of a new ATR72-600, serial 1706, as the airline continues to strengthen its connectivity across Brazil’s secondary and underserved markets. The aircraft is powered by PW127XT-M engines, the latest iteration of the well-known Pratt & Whitney Canada PW100 series, which are optimized for improved fuel efficiency and reduced maintenance costs.
Azul Linhas Aéreas Brasileiras, one of Brazil’s leading carriers, has expanded its next-generation fleet with the delivery of two Embraer E195-E2 aircraft. The newly delivered jets bear serial numbers 19020168 and 19020169, and are powered by PW1900G geared turbofan engines from Pratt & Whitney.
Azul has expanded its fleet with the delivery of a new Embraer E195-E2, serial 19020166, powered by Pratt & Whitney PW1900G engines. This latest addition supports the airline’s strategy to operate more fuel-efficient and environmentally friendly aircraft, optimizing performance on domestic and regional routes.
Azul, the Brazilian airline, has officially retired the last two Boeing 737-400F aircraft from its fleet, completing its transition away from this freighter type. The two aircraft, identified by serial numbers 28198 and 28053, have now been phased out as part of the airline’s fleet modernization strategy.
Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
Azul believes that the $100 million debt owed by TAP Air Portugal since 2016 will be resolved soon, as both parties have acknowledged the obligation.
