Financial PerformanceEarnings beat driven by strong fares and a good cost control.
Merger PotentialAZUL and Abra Group, the majority investor of Gol and Avianca, reached a non-binding MoU on a potential merger between GOL and AZUL.
Revenue GrowthSynergies from the revenue side look feasible, as companies’ network would likely improve connectivity and generate higher income from passengers and the cargo businesses.