/i.s3.glbimg.com/v1/AUTH_da025474c0c44edd99332dddb09cabe8/internal_photos/bs/2023/1/X/nkkB7tSdirnIUbGhakCQ/favicon-o-globo.png){kind=small}
/i.s3.glbimg.com/v1/AUTH_63b422c2caee4269b8b34177e8876b93/internal_photos/bs/2018/e/e/PAMa3oQXOPBUOsGgFyFw/valor-tenant-icon.png){kind=icon}
Overview
- Azul reports R$747 million in realized cost savings and identifies an additional R$160 million in potential reductions under its restructuring program.
- Lease payments and arrears have fallen about 32.9% through renegotiations with aircraft lessors since its May Chapter 11 filing.
- Net leverage stood at 4.9x EBITDA in the second quarter, with a roadmap to 2.5x by February 2026 and 0.8x by 2029.
- The updated plan forecasts net operating revenue of R$22.1 billion in 2025, R$23.4 billion in 2026, and R$27.7 billion in 2029.
- The company says negotiations with aircraft and engine manufacturers and lessors are ongoing and expresses confidence in concluding agreements soon.