AP NEWS

Azul Reports September Traffic

October 5, 2018

SÃO PAULO--(BUSINESS WIRE)--Oct 5, 2018--Azul S.A., “Azul,” (B3:AZUL4) (NYSE:AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today its preliminary traffic results for September 2018.

Consolidated passenger traffic (RPKs) increased 16.0% compared to September 2017 on a capacity increase (ASKs) of 16.1%. As a result, load factor remained flat at 83.2%. Domestic load factor was 82.6% and international was 85.0%.

“In the third quarter, consolidated RPKs increased 20.2% on a capacity increase of 19.3% year over year. We are very pleased with the current demand environment in Brazil, which continues to improve as we approach high season. We have just received our 18th A320neo, and couldn’t be more excited with the superior economics and revenue enhancing benefits of these aircraft,” says John Rodgerson, Azul’s CEO.

Year to date we continue to be the number one on-time airline in Brazil, with an on-time arrival rate of 87.1% according to FlightStats.

About Azul

Azul S.A. (B3:AZUL4) (NYSE:AZUL), the largest airline in Brazil by number of cities served, offers 766 daily flights to 110 destinations. With an operating fleet of 120 aircraft and more than 10,000 crewmembers, the Company has a network of 218 non-stop routes as of September 30, 2018. This year, Azul was awarded best airline in Latin America by TripAdvisor Travelers’ Choice and best regional carrier in South America for the eighth consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil and most on-time low-cost carrier in the Americas in 2017 according to OAG’s Punctuality League, the industry’s most comprehensive annual ranking of on-time performance. For more information visit www.voeazul.com.br/ir.

Glossary

Revenue Passenger Kilometers (RPK)

One-fare paying passenger transported one kilometer. RPK is calculated by multiplying the number of revenue passengers by the number of kilometers flown.

Available Seat Kilometers (ASK)

Number of aircraft seats multiplied by the number of kilometers flown.

This traffic release includes estimates and forward-looking statements within the meaning of the U.S. federal securities laws. These estimates and forward-looking statements are based mainly on our current expectations and estimates of future events and trends that affect or June affect our business, financial condition, results of operations, cash flow, liquidity, prospects and the trading price of our preferred shares, including in the form of ADSs. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to many significant risks, uncertainties and assumptions and are made in light of information currently available to us. In addition, in this release, the words “June,” “will,” “estimate,” “anticipate,” “intend,” “expect,” “should” and similar words are intended to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were made. Azul is not under the obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors. Our independent public auditors have neither examined nor compiled the forward-looking statements and, accordingly, do not provide any assurance with respect to such statements. In light of the risks and uncertainties described above, the future events and circumstances discussed in this release might not occur and are not guarantees of future performance. Because of these uncertainties, you should not make any investment decision based upon these estimates and forward-looking statements.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005214/en/

CONTACT: Azul S.A.

Investor Relations:

Andrea Bottcher, +55 11 4831 2880

invest@voeazul.com.br

or

Media Relations, +55 11 4831 1245

imprensa@voeazul.com.br

KEYWORD: BRAZIL SOUTH AMERICA

INDUSTRY KEYWORD: TRANSPORT AIR

SOURCE: Azul S.A.

Copyright Business Wire 2018.

PUB: 10/05/2018 07:32 AM/DISC: 10/05/2018 07:31 AM

http://www.businesswire.com/news/home/20181005005214/en

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