Source: Azul Azul S.A. (“Azul”) announces today that it will increase its June schedule to 168 flights per peak day compared to 115 daily departures in May, and 70 flights per day in April. In addition, the Company will be flying to 57 domestic destinations in June, up from 38 cities served in May and 25 destinations served in April. “Although our June capacity is still approximately 80% down year over year, we are seeing a positive trend in demand since the outbreak of the Covid-19 pandemic. We will continue to monitor revenue conditions and expand our network as several cities in Brazil gradually lift travel restrictions and demand returns, especially in the state of São Paulo, which is expected [...]

Source: Aerolíneas Argentinas Aerolíneas Argentinas has confirmed that more than 2,000 foreign residents have returned to their home countries in flights operated by the company. A few weeks ago, the company was authorized to carry foreign residents in the outbound segments of some of its flights. This new stage began with the flight to Quito on April 12, which carried 187 Ecuadorian citizens. The company also carried passengers to London, Madrid, Barcelona, Miami, Rome, Montevideo, Asuncion, Santiago de Chile, São Paulo, Lima, Cancun and Punta Cana. In the same vein, the company confirmed a new flight to Rome, scheduled to depart on May 15, which will carry 100 Italian citizens, and two flights to Madrid, scheduled to depart on May [...]

Source: Azul Azul S.A. “Company” (B3: AZUL4, NYSE: AZUL) announces today the closing of the acquisition of Two Taxi Aéreo Ltda “TwoFlex”. Payment will be made in up to 30 monthly installments, subject to certain financial and operating conditions, and a final payment of up to R$30 million, which shall be deposited in escrow as collateral in favor of the Company for a determined period. The total purchase price will be R$123 million. The transaction was approved without restrictions by the Brazilian Administrative Council for Economic Defense (CADE – Conselho Administrativo de Defesa Econômica) on March 27, 2020. TwoFlex is a domestic airline based in Jundiaí, Brazil. It was founded in 2013 and offers regular passenger and cargo service to [...]

Source: Azul Azul S.A. “Azul” (B3: AZUL4, NYSE: AZUL) announces today that it reached an agreement with Embraer to defer 59 E2s deliveries, expected to take place between 2020 and 2023, to 2024 and beyond. These aircraft have a list price of R$24.5 billion. Azul has acted very swiftly in adapting its business to the COVID-19 crisis. It adjusted its capacity to the new demand environment by reducing it by 90% in the month of April compared to 2019. It also made headcount and salary changes which allowed the Company to reduce payroll costs by over 50% compared to the similar period last year. “Azul entered this crisis as one of the most profitable airlines in the world. The impact [...]