Azul Reports All-Time Record Revenue and RASK in 2Q22
Source: Azul Linhas Aéreas Azul S.A., “Azul”, the largest airline in Brazil by number of cities and departures, announces its results for the second quarter of 2022 (“2Q22”). The following financial information, unless stated otherwise, is presented in Brazilian reais and in accordance with International Financial Reporting Standards (IFRS). Financial and Operating Highlights Operating revenues reached an all-time record of R$3.9 billion in 2Q22, seasonally the weakest quarter of the year. Our top-line revenue more than doubled compared to 2Q21 and increased an impressive 50% compared to 2Q19. This was the third consecutive quarter with net revenues above pre-pandemic levels. PRASK and RASK increased 57.3% and 44.5% respectively year over year, even with a 59.6% growth in capacity, mostly due [...]