Brazilian airline Azul to go 'back to basics' after challenging 2024
SAO PAULO (Reuters) -Brazilian airline Azul expects to go "back to basics" and be able to focus more on its operations this year, Chief Executive John Rodgerson said, after a challenging 2024 marked by some market disruptions and a major debt restructuring. Azul in 2024 struggled with supply chain issues delaying aircraft deliveries, floods that kept the key Porto Alegre airport closed for months, a weaker Brazilian real, and balance sheet pressures leading to debt deals with lessors. The carrier recently concluded the major restructuring that included the termination of almost $1.6 billion in debt from its balance sheet, while also raising $525 million in fresh money.