Azul Reports Second Quarter Results
Aug. 09, 2018
SÃO PAULO--(BUSINESS WIRE)--Aug 9, 2018--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 second quarter of 2018 (“2Q18”). The following financial information, unless stated otherwise, is presented in Brazilian reais and in accordance with International Financial Reporting Standards (IFRS). Prior periods presented have been adjusted to reflect adoption of new IFRS accounting standards.
Financial and Operating Highlights for 2Q18
1 Adjusted for non-recurring items totaling R$283.3 million incurred in 2Q18 as detailed on page 12.
2 Includes cash and cash equivalents, short-term and long-term investments, and current and non-current restricted investments.
Azul S.A. (B3:AZUL4) (NYSE:AZUL), the largest airline in Brazil by number of cities served, offers 780 daily flights to 107 destinations. With an operating fleet of 121 aircraft and more than 10,000 crewmembers, the Company has a network of 217 non-stop routes as of June 30, 2018. This year, Azul was awarded best airline in Latin America by TripAdvisor Travelers’ Choice and in 2017, the Company was elected best low cost carrier in South America for the seventh 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005344/en/
CONTACT: Azul S.A.
Andrea Bottcher, +55 11 4831 2880
Media Relations, +55 11 4831 1245
KEYWORD: BRAZIL SOUTH AMERICA
INDUSTRY KEYWORD: TRANSPORT AIR TRAVEL TRANSPORTATION
SOURCE: Azul S.A.
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PUB: 08/09/2018 07:24 AM/DISC: 08/09/2018 07:24 AM