Azul announces its traffic figures for March 2018

São Paulo, April 9, 2018 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of destinations and departures, announces today its preliminary traffic results for March 2018.

Consolidated passenger traffic (RPKs) increased 10.0% compared to March 2017 on a capacity increase (ASKs) of 9.6% mostly due to the 80.0% growth in international capacity. As a result, load factor was 80.6%, 0.4 percentage points higher than in the same period last year.

Domestic passenger traffic decreased 2.0% compared to 2017 due to the 2.9% reduction in domestic capacity driven by the removal of four E-Jets from the company’s operating fleet in March, in line with its fleet transformation strategy, which consists of replacing older generation aircraft with next generation aircraft. Azul ended the quarter with 14 A320neos and expects to add another six next generation aircraft during the year. Load factor for the domestic market increased 0.7 percentage points to 79.2%.

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