Azul S.A. logo

Azul S.A.

AZUL

NYSEIndustrialsAirlines, Airports & Air Services

Previous close

$7.53

−$0.10 · -1.31%

Aug 21, 4:00 PM ET

AZUL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

27

Expensive

Momentum

59

Neutral

Sentiment

41

Mixed

Risk resilience

25

High Risk

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Company profile

Company website

Azul S.A., a Brazilian-based company, primarily offers air transportation services, both domestically within Brazil and across international routes, supported by its various subsidiaries. In addition to core passenger air travel, the company diversifies its revenue streams through activities such as cargo and mail delivery, passenger charter services, and the development of frequent-flyer programs. Its business scope further extends to intellectual property ownership, offering travel packages, aircraft financing and acquisition, leasing, and comprehensive maintenance and hangarage services for aircraft, engines, and components. As of December 31, 2023, the airline reported a substantial operational footprint, executing roughly 980 daily departures across a network of 400 direct routes serving 160 destinations. Its fleet comprised 181 operational aircraft, with a contractual passenger fleet totaling 185. Founded in 2008, Azul S.A. maintains its headquarters in Barueri, Brazil. However, on May 28, 2025, Azul S.A., alongside its affiliates, initiated voluntary Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the Southern District of New York.

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
BR
CEO
John Peter Rodgerson
Listed since
Apr 11, 2017
Employees
15,367

Market position

Day range

Current $7.53

52-week range

Current $7.53

Open
$7.685
Previous close
$7.63
Volume
803.01K
4.83× average
Average volume
166.11K
Average daily volume
Market cap
782.49M USD
Beta
7.5
Market reference 1
50-day average
$8.6188
-12.63% below average
200-day average
$8.6505
-12.95% below average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%6%-24%-54%Gross margin, FY2021: 18.10%Gross margin, FY2022: 10.55%Gross margin, FY2023: 16.87%Gross margin, FY2024: 26.38%Gross margin, FY2025: 28.47%Operating margin, FY2021: 0.55%Operating margin, FY2022: 8.96%Operating margin, FY2023: 8.95%Operating margin, FY2024: 17.36%Operating margin, FY2025: 19.97%Net margin, FY2021: -42.23%Net margin, FY2022: -4.53%Net margin, FY2023: -12.83%Net margin, FY2024: -46.87%Net margin, FY2025: 0.58%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.10%. Gross margin FY2022 10.55%. Gross margin FY2023 16.87%. Gross margin FY2024 26.38%. Gross margin FY2025 28.47%. Operating margin FY2021 0.55%. Operating margin FY2022 8.96%. Operating margin FY2023 8.95%. Operating margin FY2024 17.36%. Operating margin FY2025 19.97%. Net margin FY2021 -42.23%. Net margin FY2022 -4.53%. Net margin FY2023 -12.83%. Net margin FY2024 -46.87%. Net margin FY2025 0.58%.

Income trends

Revenue

21.64B USD+10.83%

Operating income

4.32B USD+27.45%

Net income

124.86M USD+9.28B USD
Income trends across reported periods24.72B USD12.4B USD86.16M USD−12.23B USDRevenue, FY2021: 9.98B USDRevenue, FY2022: 15.95B USDRevenue, FY2023: 18.55B USDRevenue, FY2024: 19.53B USDRevenue, FY2025: 21.64B USDOperating income, FY2021: 54.8M USDOperating income, FY2022: 1.43B USDOperating income, FY2023: 1.66B USDOperating income, FY2024: 3.39B USDOperating income, FY2025: 4.32B USDNet income, FY2021: −4.21B USDNet income, FY2022: −722.37M USDNet income, FY2023: −2.38B USDNet income, FY2024: −9.15B USDNet income, FY2025: 124.86M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.98B USD. Revenue FY2022 15.95B USD. Revenue FY2023 18.55B USD. Revenue FY2024 19.53B USD. Revenue FY2025 21.64B USD. Operating income FY2021 54.8M USD. Operating income FY2022 1.43B USD. Operating income FY2023 1.66B USD. Operating income FY2024 3.39B USD. Operating income FY2025 4.32B USD. Net income FY2021 −4.21B USD. Net income FY2022 −722.37M USD. Net income FY2023 −2.38B USD. Net income FY2024 −9.15B USD. Net income FY2025 124.86M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue21.64B USD19.53B USD18.55B USD15.95B USD9.98B USD
Cost of goods sold15.48B USD14.38B USD15.42B USD14.26B USD8.17B USD
Gross profit6.16B USD5.15B USD3.13B USD1.68B USD1.81B USD
Selling, general, and administrative1.58B USD1.32B USD802.22M USD484.24M USD
Operating expenses1.84B USD1.76B USD1.47B USD253.76M USD1.75B USD
Interest income100.21M USD171.97M USD−280.9M USD205.4M USD125.74M USD
Interest expense2.79B USD5.52B USD4.56B USD3.98B USD3.36B USD
Depreciation and amortization310.37M USD2.4B USD2.09B USD1.54B USD
Operating income4.32B USD3.39B USD1.66B USD1.43B USD54.8M USD
Net income124.86M USD−9.15B USD−2.38B USD−722.37M USD−4.21B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-3392519.63%
11 comparable reports
Latest EPS result
-0.54
Estimate -0.49 · Miss by 10.36%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates262.1523.23-215.7-454.62Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 0.029, estimate -0.015, surprise +297.89%, Beat. Q2 2025, reported May 14, 2025: actual -2.18, estimate -0.028, surprise -7605.90%, Miss. Q3 2025, reported Aug 11, 2025: actual 0.906, estimate -0.22, surprise +511.82%, Beat. Q4 2025, reported Nov 14, 2025: actual -405.19, estimate 0.001, surprise -37310465.08%, Miss. Q1 2026, reported Mar 26, 2026: actual 212.72, estimate 204.2, surprise +4.17%, Beat. Q2 2026, reported May 12, 2026: actual 1.5, estimate 0.45, surprise +233.48%, Beat. Q3 2026, reported Aug 13, 2026: actual -0.54, estimate -0.489, surprise -10.36%, Miss. Q4 2026, reported Nov 10, 2026: actual —, estimate 0.288, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.2B3.72B2.24B760.28MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 894.45M USD, estimate 909.28M USD, surprise -1.63%, Miss. Q2 2025, reported May 14, 2025: actual 943.95M USD, estimate 929.53M USD, surprise +1.55%, Beat. Q3 2025, reported Aug 11, 2025: actual 909.89M USD, estimate 4.88B USD, surprise -81.37%, Miss. Q4 2025, reported Nov 14, 2025: actual 1.11B USD, estimate 977.1M USD, surprise +13.81%, Beat. Q1 2026, reported Mar 26, 2026: actual 1.12B USD, estimate 1.15B USD, surprise -2.07%, Miss. Q2 2026, reported May 12, 2026: actual 1.07B USD, estimate 1.12B USD, surprise -4.63%, Miss. Q3 2026, reported Aug 13, 2026: actual 953.03M USD, estimate 974.49M USD, surprise -2.20%, Miss. Q4 2026, reported Nov 10, 2026: actual —, estimate 1.11B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$4.50

40.24% downside
Past 12 months12-month forecastHigh $5.00Average $4.50Low $4.00

Rating distribution

13 ratings
Strong buy00%
Buy431%
Hold754%
Sell215%
Strong sell00%

AZUL news

Corporate actions

Corporate action history

Dividend

Ex-dividend May 22, 2026

$0.055

Special

Record May 22, 2026 · Payment May 28, 2026

Dividend

Ex-dividend Apr 13, 2026

$0.0932

Irregular

Record Apr 13, 2026 · Payment Apr 15, 2026

AZUL peers

ETFs holding AZUL

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