← AZUL SA
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.7b | $7.8b | $9.2b | $11.4b | $5.7b | $10.0b | $15.9b | $18.6b | $19.5b | $21.6b | |
| Total operating expenses | ($6.3b) | ($6.9b) | ($8.6b) | ($12.6b) | ($7.1b) | ($9.9b) | ($14.5b) | ($16.9b) | ($16.1b) | ($17.3b) | |
| Additional Financial Items | |||||||||||
| Other revenues | — | — | $386.9m | $534.4m | $704.5m | $1.2b | $1.4b | $1.3b | $1.4b | $1.6b | |
| Applicable Tax Rate | $0 | $0 | $0 | $0 | — | — | $0 | $0 | $0 | $0 | |
| Depreciation Right of Use Assets | — | — | — | $1.0b | — | — | — | — | — | — | |
| Finance Income | $51.1m | $94.8m | $41.4m | $72.1m | $60.3m | $154.3m | $277.3m | $220.1m | $239.1m | $904.1m | |
| Profit Loss Before Tax | $17.7m | $597.8m | $602.1m | ($2.5b) | ($11.1b) | ($4.2b) | ($722.4m) | ($2.3b) | ($9.2b) | $124.9m | |
| Profit Loss From Operating Activities | $344.3m | $865.1m | $525.4m | ($1.2b) | ($1.4b) | $54.8m | $1.4b | $1.7b | $3.4b | $4.3b | |
| Passenger revenue | $5.8b | $6.7b | $8.7b | $10.9b | $5.0b | $8.8b | $14.6b | $17.2b | $18.1b | $20.0b | |
| Aircraft fuel | ($1.6b) | ($1.8b) | ($2.6b) | ($3.1b) | ($1.5b) | ($3.3b) | ($6.6b) | ($5.9b) | ($5.6b) | ($5.7b) | |
| Salaries and benefits | ($1.1b) | ($1.3b) | ($1.4b) | ($1.9b) | ($1.4b) | ($1.7b) | ($2.0b) | ($2.4b) | ($2.7b) | ($2.7b) | |
| Airport taxes and fees | ($442.7m) | ($490.6m) | ($592.1m) | ($725.0m) | ($465.6m) | ($677.7m) | ($911.2m) | ($1.1b) | ($1.1b) | ($1.3b) | |
| Auxiliary services for air transport | ($327.3m) | ($357.8m) | ($395.4m) | ($476.5m) | ($288.3m) | ($395.5m) | ($641.9m) | ($807.6m) | ($872.5m) | ($956.9m) | |
| Maintenance | ($708.7m) | ($568.1m) | ($504.5m) | ($354.1m) | ($464.6m) | ($546.6m) | ($616.2m) | ($898.3m) | ($789.2m) | ($824.1m) | |
| Advertising and publicity | ($276.2m) | ($309.5m) | ($368.7m) | ($444.1m) | ($329.8m) | ($404.0m) | ($699.0m) | ($779.3m) | ($889.2m) | ($915.4m) | |
| Depreciation and amortization | ($301.2m) | ($299.8m) | ($324.9m) | ($3.7b) | ($1.8b) | ($1.5b) | ($2.1b) | ($2.4b) | ($2.6b) | ($3.0b) | |
| Impairment and onerous contracts | — | — | — | — | $757.6m | $1.1b | $1.1b | $245.6m | $143.8m | $0 | |
| Insurance | — | — | — | — | ($61.8m) | ($62.8m) | ($81.7m) | ($89.5m) | ($79.6m) | ($100.4m) | |
| Renegotiations – Chapter 11 | — | — | — | — | — | — | — | $0 | $0 | $181.9m | |
| Breakage – GUC – Chapter 11 | — | — | — | — | — | — | — | $0 | $0 | $1.7b | |
| Other | ($456.5m) | ($572.5m) | ($875.1m) | ($2.0b) | ($1.6b) | ($2.4b) | ($1.9b) | ($2.8b) | ($1.7b) | ($2.9b) | |
| Operating profit | $344.3m | $865.1m | $525.4m | ($1.2b) | ($1.4b) | $54.8m | $1.4b | $1.7b | $3.4b | $4.3b | |
| Financial income | $51.1m | $94.8m | $41.4m | $72.1m | $60.3m | $154.3m | $277.3m | $220.1m | $239.1m | $904.1m | |
| Derivative financial instruments, net | $10.8m | ($90.4m) | $298.1m | $325.5m | ($1.5b) | $864.2m | $958.0m | ($238.5m) | $317.7m | $986.5m | |
| Foreign currency exchange, net | $179.7m | $57.9m | ($194.7m) | ($391.9m) | ($4.3b) | ($1.4b) | $1.4b | $1.6b | ($7.9b) | $4.2b | |
| Financial result | ($489.6m) | ($461.7m) | ($265.4m) | ($1.3b) | ($9.0b) | ($4.3b) | ($2.2b) | ($4.0b) | ($12.6b) | ($4.2b) | |
| Income (loss) before income tax and social contribution | $17.7m | $597.8m | $602.1m | ($2.5b) | ($11.1b) | ($4.2b) | ($722.4m) | ($2.3b) | ($9.2b) | $124.9m | |
| Current income tax and social contribution | — | — | ($11.2m) | ($2.2m) | ($11k) | $0 | $0 | $0 | ($723k) | ($12k) | |
| Deferred income tax and social contribution | ($152.7m) | ($71.7m) | ($170.6m) | $135.4m | $242.5m | $0 | $0 | ($39.5m) | $39.5m | $0 | |
| Income (loss) for the year | ($126.3m) | $529.0m | $420.3m | ($2.4b) | ($10.8b) | ($4.2b) | ($722.4m) | ($2.4b) | ($9.2b) | $124.9m | |
| Basic income (loss) per common share – R$ (as adjusted, see information in note 31) (in brazilian real per share) | ($0.56) | $1.70 | $1.26 | ($7.14) | ($32.09) | ($12.35) | ($2.11) | ($6.94) | ($26.67) | $0.16 | |
| Diluted income (loss) per common share – R$ (as adjusted, see information in note 31) (in brazilian real per share) | ($0.56) | $1.66 | $1.25 | ($7.14) | ($32.09) | ($12.35) | ($2.11) | ($6.94) | ($26.67) | $0.16 | |
| Current Tax Expense (Income) | ($8.7m) | ($2.9m) | $11.2m | $2.2m | $11k | $0 | $0 | — | — | — | |
| Deferred Tax Expense (Income) | — | — | $170.6m | — | ($242.5m) | $0 | $0 | $39.5m | ($39.5m) | $0 | |
| Deferred Tax Expense (Income) Recognised In Profit Or Loss | $152.7m | $71.7m | ($170.6m) | $135.4m | — | — | — | — | — | — | |
| Depreciation And Amortisation Expense | $301.2m | $299.8m | $324.9m | $3.7b | $1.8b | $1.5b | $2.1b | $2.4b | $2.6b | $3.0b | |
| Employee Benefits Expense | $1.1b | $1.3b | $1.4b | $1.9b | $1.4b | $1.7b | $2.0b | $2.4b | $2.7b | $2.7b | |
| Expense Relating To Short-Term Leases For Which Recognition Exemption Has Been Used | — | — | — | $79.9m | — | — | — | — | — | — | |
| Finance Costs | $731.2m | $524.0m | $410.2m | $1.3b | $3.3b | $3.8b | $4.8b | $5.6b | $5.2b | $10.3b | |
| Other Finance Cost | $53.2m | $37.1m | $52.5m | $52.9m | $57.6m | $81.6m | $110.3m | $200.4m | $130.6m | $231.0m | |
| Other Operating Income Expense | ($456.5m) | ($572.5m) | ($875.1m) | ($2.0b) | ($1.6b) | ($2.4b) | ($1.9b) | ($2.8b) | ($1.7b) | ($2.9b) | |
| Professional Fees Expense | $45.6m | $52.9m | $80.9m | — | — | — | — | — | — | — | |
| Restructuring costs – Chapter 11 | — | — | — | — | — | — | — | $0 | $0 | ($871.0m) | |
| Financial expenses | ($731.2m) | ($524.0m) | ($410.2m) | ($1.3b) | ($3.3b) | ($3.8b) | ($4.8b) | ($5.6b) | ($5.2b) | ($10.3b) | |
| Interest Expense On Lease Liabilities | — | — | — | $806.0m | — | — | $2.5b | $2.4b | $2.5b | $2.7b | |
| Income Tax Expense Continuing Operations | $144.0m | $68.8m | $181.8m | ($133.2m) | ($242.5m) | $0 | $0 | $39.5m | ($38.8m) | $12k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.