Azul projects USD3.58bn revenue for 2024

Azul announced (09-Sep-2024) the following updated outlook for 2024:

• Capacity (ASKs): +7% year-on-year. The adjustment in capacity growth is mainly due to:
  • Reduction in domestic capacity due to closure of Porto Alegre Salgado Filho Airport;
  • Temporary reduction in international capacity during 1H2024;
  • Manufacturers' delays in new aircraft deliveries;
• EBITDA: Above BRL6 billion (USD1.07 billion), lower than the previous projection, mainly due to reduction in capacity growth;
• Revenue: BRL20 billion (USD3.58 billion), driven by the healthy demand environment, robust ancillary revenues and growth of business units. [more - original PR]