Azul SA (AZUL) has released an update.
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Azul S.A., Brazil’s leading airline, maintains its positive outlook for 2024 with expected capacity growth of 7% and an EBITDA above R$6 billion, despite facing challenges such as the Rio Grande do Sul floods and aircraft delivery delays. The company anticipates a leverage ratio of around 4.2x and targets a revenue of approximately R$20 billion, driven by strong demand and ancillary revenues. Azul assures investors of ongoing updates regarding its financial projections.
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