News

Azul Reports Third Quarter Net Income of R$204 million

São Paulo, November 9th, 2017 - Azul S.A., "Azul" (B3: AZUL4, NYSE: AZUL) the largest airline in Brazil by number of cities and departures, announces today its results for the third quarter of 2017 ("3Q17").

Financial and Operating Highlights for 3Q17

  • Operating income was R$249.3 million, representing a margin of 12.5% compared to R$166.0 million and a margin of 9.6% in 3Q16. This is a record third quarter operating result for Azul.
  • EBITDAR increased 20% to R$634.0 million, representing a margin of 31.7%, making us the most profitable carrier in South America.
  • Net income totaled R$204.0 million, representing an improvement of R$194.6 million over 3Q16.
  • Passenger traffic (RPKs) increased 16% over a capacity increase of 13% resulting in a higher load factor of 83.1%, 2.1 percentage points higher than in 3Q16.
  • In addition to the double-digit growth in capacity, total revenue per ASK (RASK) increased 1.5% to 30.96 cents year over year.
  • Total CASK decreased 1.7%.
  • Financial expenses decreased 29.6% from R$200.5 million to R$141.2 million due to lower average cost of debt and repayment of more expensive loans.

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Conference call and webcast
Thursday, November 9th, 2017
9h00 (EST)
12h00 (Brasília time)
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