Azul SA (AZUL) has released an update.
Azul S.A., Brazil’s major airline, has revised its 2024 financial outlook, now expecting a 7% increase in capacity, an EBITDA above R$6 billion, and a leverage ratio of approximately 4.2x. These adjustments are attributed to decreased domestic capacity due to natural disasters, a temporary dip in international flights, and delays in new aircraft deliveries. The company also launched ‘Elevate,’ a strategic plan aimed at generating over R$1 billion in additional value through revenue growth and cost reductions.
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