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The latest announcement is out from Azul SA ( (AZUL) ).
On February 20, 2025, Azul S.A. announced that its Board of Directors approved a capital increase, pending further approval at an Extraordinary General Meeting on February 25, 2025. The capital increase is part of a broader restructuring effort aimed at enhancing the company’s financial resources, liquidity, and capital structure by issuing new common and preferred shares. This initiative allows the company to maintain its qualification under Brazilian corporate law concerning the issuance of preferred shares. The capital increase, supported by controlling shareholders, comes as a strategic move to improve future profitability and market positioning, with implications for existing shareholders due to pre-emptive rights.
More about Azul SA
Azul S.A. is the largest airline in Brazil by the number of flight departures and cities served, operating over 1,000 daily flights to more than 160 destinations. The company has a fleet of over 180 aircraft and a workforce of more than 16,000 Crewmembers. Azul has been recognized for its punctuality and service quality, being named the most on-time airline in the world in 2022 and the best airline in the world by TripAdvisor in 2020.
YTD Price Performance: 6.82%
Average Trading Volume: 1,450,760
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $226.4M
For a thorough assessment of AZUL stock, go to TipRanks’ Stock Analysis page.
