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AZULBearishEarningsnews
Materiality pending

AZUL Posts Wider-Than-Expected Q1 Loss, Sees Y/Y Revenue Rise

May 16, 2024, 3:44 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Azul S.A. reported a Q1 2024 loss of 57 cents per share, wider than estimates. - Total revenues of $945 million missed estimates but increased from Q1 2023. - Passenger revenues increased 4.5% year over year due to rising demand. - Cost per ASK decreased 5.9% due to a reduction in fuel prices. - Azul aims for an EBITDA of around R$6.5 billion for 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Azul S.A. reported a Q1 2024 loss of 57 cents per share, wider than estimates.
  • Total revenues of $945 million missed estimates but increased from Q1 2023.
  • Passenger revenues increased 4.5% year over year due to rising demand.
  • Cost per ASK decreased 5.9% due to a reduction in fuel prices.
  • Azul aims for an EBITDA of around R$6.5 billion for 2024.

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