Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now São Paulo - Delayed Quote • BRL Azul S.A. (AZUL4.SA) Follow Compare 3.9000 +0.0900 +(2.36%) At close: March 7 at 6:07:36 PM GMT-3 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations The Zacks Analyst Blog Azul, Volaris, Allegiant, JetBlue and Ryanair Azul, Volaris, Allegiant, JetBlue and Ryanair are included in this Analyst Blog. Airline Stock Roundup: AZUL's Q4 Earnings, JBLU's Expansion Update Passenger revenues at Azul improve 10% year over year in the fourth quarter of 2024. Allegiant reports healthy traffic numbers for January. AZUL Q4 Earnings & Revenues Lag Estimates, EBITDA 2025 View Intact AZUL's fourth-quarter 2024 revenues benefit from a healthy demand environment, robust revenues from its business units, and an increase in capacity. Azul SA (AZUL) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Initiatives Azul SA (AZUL) reports a 10% revenue increase, strategic debt reduction, and robust growth in high-margin business units amid operational challenges. 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. Brazil's Azul approves capital increase with Neeleman investment Brazilian airline Azul's board of directors has approved a capital increase as part of an out-of-court restructuring that gave lessors equity in lieu of nearly $550 million in obligations, the company said late on Thursday. The capital increase of up to 3.37 billion reais ($591 million) came through the issuance of new shares, Azul said in a securities filing, with fresh investment from controlling shareholder David Neeleman, a serial aviation entrepreneur who also founded U.S. airline JetBlue. In addition to the equity swap with lessors and an agreement with bondholders for fresh financing, Azul is eyeing a potential tie-up with rival Brazilian airline Gol. AZUL's Q4 Earnings Coming Up: What's in the Offing for the Stock? AZUL's fourth-quarter bottom line is expected to have been hurt by elevated operating expenses. Azul price target lowered to $5 from $6 at Raymond James Raymond James analyst Savanthi Syth lowered the firm’s price target on Azul (AZUL) to $5 from $6 and keeps an Outperform rating on the shares. Azul has successfully met all requirements to complete Phase 1 and 2 of the capital restructuring, which materially improves leverage, the analyst tells investors in a research note. The firm thinks currency headwinds likely pushes out by a few months Azul’s target of reaching R$7.4B of EBITDA in 2025, but does not expect the guidance to be revised this e Azul concludes negotiations worth over US$ 2.4 billion with its bondholders, lessors and OEMs Azul, the largest airline in Brazil in terms of destinations served and daily flights, announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft manufacturers, resulting in the elimination of over US$ 2.1 billion in debt and financial obligations from the company's balance sheet. This is the result of the exchange of instruments convertible into company stock worth US$ 557 million held by lessors and OEMs for 94 million preferred AZUL4 shares, as Brazil's Azul reduces $1.6 billion in debt as it concludes restructuring process SAO PAULO (Reuters) -Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, suppliers and plane lessors, according to a securities filing. The firm said that, with the conclusion of the talks, its financial leverage measured by a net debt to EBITDA ratio falls to 3.4 times from 4.8 times. Azul Announces Expiration and Final Results of Previously Announced Exchange Offers in respect of Existing 2029 Second Out Notes and Existing 2030 Second Out Notes for New Notes and Solicitations of Consents to Proposed Amendments to the Existing Indenture Azul S.A., "Azul," (B3: AZUL4) (NYSE: AZUL) ("Azul") today announces the expiration and final results of the previously announced (i) offers by its wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") to Eligible Holders to exchange (the "Exchange Offers") (a) any and all of the outstanding 11.500% Senior Secured Second Out Notes due 2029 issued by the Issuer (CUSIP: 05501WAA0 / U0551YAA3, ISIN: US05501WAA09 / USU0551YAA39) (the "Existing 2029 Notes") for newly issued 11.500% Senior S Azul Announces Expiration and Final Results of Previously Announced Exchange Offer in respect of Existing 2028 First Out Notes for New Notes and Solicitation of Consents to Proposed Amendments to the Existing Indenture Azul S.A., "Azul," (B3: AZUL4, NYSE: AZUL) ("Azul") today announces the expiration and final results of the previously announced offer by its wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") to Eligible Holders to exchange (the "Exchange Offer") any and all of the outstanding 11.930% Senior Secured First Out Notes due 2028 issued by the Issuer (CUSIP: 05501W AC6 / U0551Y AC9, ISIN: US05501WAC64/USU0551YAC94) (the "Existing Notes") for newly issued 11.930% Senior Secured First Out Azul Announces Extension of the Previously Announced Exchange Offer in respect of Existing 2028 First Out Notes for New Notes and Solicitation of Consents to Proposed Amendments to the Existing Indenture Azul S.A., "Azul," (B3: AZUL4) (NYSE: AZUL) ("Azul") today announced that its wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") has extended the expiration deadline of its previously announced offer to exchange (the "Exchange Offer") any and all of the outstanding 11.930% Senior Secured First Out Notes due 2028 issued by the Issuer (CUSIP: 05501W AC6 / U0551Y AC9, ISIN: US05501WAC64/USU0551YAC94) (the "Existing Notes") for newly issued 11.930% Senior Secured First Out Notes due 202 Azul Announces Extension of the Previously Announced Exchange Offers in respect of Existing 2029 Second Out Notes and Existing 2030 Second Out Notes for New Notes and Solicitations of Consents to Proposed Amendments to the Existing Indenture Azul S.A., "Azul," (B3: AZUL4, NYSE: AZUL) ("Azul") today announced that its wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") has extended the expiration deadline of its previously announced offers to exchange (the "Exchange Offers") (i) any and all of the outstanding 11.500% Senior Secured Second Out Notes due 2029 issued by the Issuer (CUSIP: 05501WAA0 / U0551YAA3, ISIN: US05501WAA09 / USU0551YAA39) (the "Existing 2029 Notes") for newly issued 11.500% Senior Secured Second Out N Azul and Abra sign non-binding MoU with intent to combine their businesses in Brazil Azul and Abra, the majority investor of Gol and Avianca, have announced today they have signed a non-binding Memorandum of Understanding (MoU) with the intent to combine their businesses in Brazil. The intended structure, the result of a combination of Azul and Gol, will position Brazil at an increased level of global strength in a highly globalized sector. The purpose of the business combination is to promote growth in the Brazilian aviation industry, through more destinations, routes, connecti Azul, Gol inch closer to potential tie-up to form major Brazil airline Azul and Gol, two of Brazil's largest airlines, are moving a step closer to a sweeping merger that would create a dominant carrier in Latin America's No. 1 economy, a securities filing showed on Wednesday. The union of the two companies, which follows months of talks and market speculation, would hold roughly 60% of the domestic market, far surpassing the local unit of Chile-based LATAM Airlines. Azul Chief Executive John Rodgerson said in an interview that the combined carrier, which would continue operating two separate brands despite the combined ownership, would be "a national champion." Brazil's Azul inching closer to merger with Gol, says local media Brazilian airline Azul is expected to sign in the next few weeks a memorandum of understandings with rival carrier Gol's parent Abra for a potential merger between Azul and Gol, newspaper Valor Economico reported on Wednesday. The memorandum would stress the intention to merge while establishing details pertaining to governance, capital structure and different options to structure the deal, according to the report, which cited sources involved in the talks. Gol did not immediately respond to a request for comment, while Azul declined to comment. Azul Announces Early Participation Results for the Previously Announced Exchange Offers in respect of Existing 2029 Second Out Notes and Existing 2030 Second Out Notes for New Notes and Solicitations of Consents to Proposed Amendments to the Existing Indenture Azul S.A., "Azul," (B3: AZUL4, NYSE: AZUL) ("Azul") today announced the early participation results for the previously announced separate offers by its wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") to Eligible Holders to exchange (such offers, the "Exchange Offers") (i) any and all of the outstanding 11.500% Senior Secured Second Out Notes due 2029 issued by the Issuer (the "Existing 2029 Notes") for newly issued 11.500% Senior Secured Second Out Notes due 2029 to be issued by Azul Announces Early Participation Results for the Previously Announced Exchange Offer in respect of Existing 2028 First Out Notes for New Notes and Solicitation of Consents to Proposed Amendments to the Existing Indenture Azul S.A., "Azul," (B3: AZUL4, NYSE: AZUL) ("Azul") today announced the early participation results for the previously announced offer by its wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") to Eligible Holders to exchange (such offer, the "Exchange Offer") any and all of the outstanding 11.930% Senior Secured First Out Notes due 2028 issued by the Issuer (the "Existing Notes") for newly issued 11.930% Senior Secured First Out Notes due 2028 to be issued by the Issuer (the "New No Brazil reaches deals with airlines to settle tax obligations Brazil's government said on Friday it has reached deals with two of the country's largest airlines, Gol and Azul, to settle some pending tax obligations totaling 7.5 billion reais ($1.22 billion). Latin American airlines have been facing financial hurdles in the wake of the COVID-19 pandemic and were forced to restructure obligations as they struggle with high debt loads. Gol has been under Chapter 11 bankruptcy protection in the U.S. since early 2024, while Azul recently struck deals with lessors to scrap obligations in exchange for an equity stake and bondholders to obtain fresh financing. Performance Overview Trailing total returns as of 3/7/2025, which may include dividends or other distributions. Benchmark is IBOVESPA Return AZUL4.SA IBOVESPA YTD +10.17% +3.95% 1-Year -67.74% -2.58% 3-Year -78.21% +12.05%