14-Aug-2020 2:41 PM
Azul sees 'faster than expected' demand recovery
Azul announced (13-Aug-2020) the carrier successfully implemented a management plan to confront the COVID-19 pandemic and optimise the carrier for the future, engaging all of its stakeholders including crew members, lessors, aircraft manufacturers, suppliers and the Government of Brazil. Azul conservatively assumed demand would recover to approximately 40% of pre-coronavirus levels by the end of 2020. Azul stated demand recovered faster than expected, and now projects demand to be at 60% by the end of 2020. [more - original PR][more - original PR II]