Azul S.A. American Depositary Shares (each representing three preferred shares) - AZUL STOCK NEWS

Azul Airlines has launched a new business unit, Azul TecOps, aimed at providing aircraft maintenance and technical services to external clients. This initiative extends the company’s operational expertise to customers in Brazil, Latin America, and globally. Azul TecOps will offer heavy and line maintenance, component repair, and technical consulting services for various aircraft types, including Airbus and Boeing models.

Based at the largest hangar in Latin America, located at Viracopos airport near São Paulo, Azul TecOps features advanced facilities capable of serving multiple maintenance lines. The company is also forming strategic partnerships with OEMs worldwide, indicating a growth strategy focused on expanding its service offerings and customer base.

Azul S.A. (NYSE: AZUL) has filed its Form 20-F report for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission (SEC). The report is accessible on both the SEC's website and Azul's Investor Relations site. Shareholders can request copies of the annual report free of charge. Azul is Brazil's largest airline, providing over 1,000 daily flights to 160 destinations, operating a fleet of 160 aircraft and employing over 13,000 crew members. Recognized as the best airline in the world by TripAdvisor in 2020, Azul continues to expand its non-stop route network, which exceeds 300 routes.

Azul, Brazil's largest airline, announces nonstop service from its Viracopos hub in Sao Paulo to Paris Orly Airport starting April 26, 2023. This new route marks Azul's second European destination, providing the only nonstop service between Brazil and Paris Orly. Flights will operate six times weekly, increasing to daily by July 31. Passengers can enjoy the modern Airbus A350-900 aircraft, featuring three cabin classes and various comforts. Azul aims to enhance its international reach, responding to customer demand for flights to France, the second-largest international market for Brazil.

Azul Airlines, Brazil's largest airline, has initiated a pilot program with Fetcherr to utilize its AI-driven demand prediction and pricing optimization technology. The partnership aims to enhance revenue performance and streamline operations. Azul has already observed positive results since adopting Fetcherr’s system, which analyzes real-time data to recommend pricing adjustments. This innovative approach is set to transform pricing strategies in the airline industry, providing a competitive edge and improving overall customer experience.

Azul was recognized as the most punctual Global Mainline Airline, achieving an on-time performance of 89.02% in July, according to Cirium's Airline On-Time Performance Report. This marks the second time in five months Azul has earned this title, showcasing its consistent performance across nearly all of its 25,003 flights tracked in July. The airline operates 900 daily flights to over 150 destinations with a versatile fleet of 160 aircraft. This achievement aligns with high customer satisfaction ratings, highlighting the effectiveness of the company's team culture.

Azul reported stellar results for 1Q22, achieving R$3.2 billion in total operating revenue, a 74.9% increase from 1Q21 and 25.6% compared to 1Q19. The airline's PRASK and RASK rose by 40.7% and 38.3% respectively, driven by strong domestic demand. EBITDA reached R$592.7 million with an 18.6% margin. Notably, the logistics segment grew 37.8% year-over-year. Azul’s liquidity remains strong at R$3.3 billion. Excitingly, the company forecasts an all-time high for operating revenue in Q2 2022.

On May 2, 2022, Azul S.A. filed its Form 20-F report for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission (SEC). Shareholders can access the report on the SEC's website and Azul's Investor Relations site. Those holding American depositary shares can request a free copy of the report from the Investor Relations Department within a reasonable timeframe.