See more : MAFIA TRENDS LIMITED (MAFIA.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Azul S.A. (AZUL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Azul S.A., a leading company in the Airlines, Airports & Air Services industry within the Industrials sector.
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Azul S.A. (AZUL)
About Azul S.A.
Azul S.A., together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.55B | 15.95B | 9.98B | 5.79B | 11.44B | 9.20B | 7.79B | 6.67B | 6.26B | 5.80B | 5.23B | 2.72B | 1.72B | 871.13M |
| Cost of Revenue | 15.42B | 12.76B | 8.16B | 5.87B | 8.03B | 7.38B | 6.04B | 5.59B | 5.68B | 4.74B | 4.14B | 2.33B | 1.46B | 777.16M |
| Gross Profit | 3.13B | 3.19B | 1.81B | -72.30M | 3.41B | 1.82B | 1.75B | 1.08B | 574.40M | 1.06B | 1.10B | 384.89M | 259.68M | 93.97M |
| Gross Profit Ratio | 16.87% | 20.02% | 18.17% | -1.25% | 29.83% | 19.78% | 22.43% | 16.15% | 9.18% | 18.29% | 20.92% | 14.16% | 15.09% | 10.79% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 502.19M | 203.40M | 221.80M | 94.12M | 799.58M | 104.72M | 74.50M | 70.88M | 0.00 | 59.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 820.03M | 699.00M | 404.10M | 329.80M | 444.10M | 368.70M | 309.50M | 276.20M | 258.20M | 239.36M | 207.76M | 131.71M | 93.50M | 54.00M |
| SG&A | 1.31B | 699.00M | 404.10M | 329.80M | 444.10M | 368.70M | 309.50M | 347.09M | 258.20M | 298.56M | 207.76M | 131.71M | 93.50M | 54.00M |
| Other Expenses | 0.00 | 1.36B | 1.36B | 1.06B | 938.40M | 342.10M | 194.40M | 163.05M | 483.80M | 361.75M | 47.42M | 244.54M | 141.09M | 90.81M |
| Operating Expenses | 1.31B | 2.06B | 1.77B | 1.39B | 1.38B | 1.01B | 882.00M | 732.68M | 742.00M | 660.31M | 626.82M | 376.25M | 234.58M | 144.81M |
| Cost & Expenses | 16.75B | 14.81B | 9.93B | 7.25B | 9.41B | 8.40B | 6.92B | 6.33B | 6.43B | 5.40B | 4.77B | 2.71B | 1.70B | 921.97M |
| Interest Income | 104.67M | 277.30M | 154.30M | 60.30M | 72.10M | 41.40M | 94.80M | 37.59M | 43.20M | 36.95M | 10.87M | 7.50M | 10.11M | 5.42M |
| Interest Expense | 5.36B | 4.56B | 3.63B | 2.47B | 1.33B | 410.20M | 524.00M | 613.14M | 685.90M | 392.88M | 262.38M | 134.85M | 100.68M | 52.02M |
| Depreciation & Amortization | 2.40B | 2.09B | 1.54B | 1.81B | 1.62B | 1.28B | 299.79M | 301.20M | 218.00M | 197.76M | 200.07M | 106.01M | 87.54M | 51.26M |
| EBITDA | 4.62B | 3.51B | 799.28M | -309.60M | 319.23M | 1.82B | 1.15B | 932.01M | 93.60M | 503.17M | 675.92M | 68.89M | 112.31M | 5.71M |
| EBITDA Ratio | 24.89% | 21.99% | 17.45% | -5.34% | 18.23% | 12.95% | 14.82% | 11.12% | 1.50% | 9.87% | 12.91% | 3.55% | 6.52% | 0.37% |
| Operating Income | 1.66B | 1.14B | 196.10M | -1.46B | -1.58B | 808.70M | 865.00M | 344.29M | -167.60M | 400.93M | 468.24M | 8.64M | 25.10M | -50.84M |
| Operating Income Ratio | 8.95% | 7.12% | 1.97% | -25.23% | -13.85% | 8.79% | 11.10% | 5.16% | -2.68% | 6.91% | 8.95% | 0.32% | 1.46% | -5.84% |
| Total Other Income/Expenses | -4.00B | -2.15B | -4.27B | -9.62B | -4.24B | 76.66M | -828.66M | -326.62M | -909.80M | -488.39M | -372.06M | -180.61M | -130.55M | -46.72M |
| Income Before Tax | -2.34B | -1.38B | -4.77B | -10.42B | 690.60M | 885.40M | 597.80M | 17.67M | -1.08B | -87.46M | 96.18M | -171.97M | -105.45M | -97.57M |
| Income Before Tax Ratio | -12.62% | -8.65% | -47.79% | -179.90% | 6.04% | 9.62% | 7.67% | 0.26% | -17.22% | -1.51% | 1.84% | -6.33% | -6.13% | -11.20% |
| Income Tax Expense | 39.53M | 2.52B | 3.63B | -242.50M | -133.20M | 181.80M | 68.80M | 143.98M | -2.50M | -22.42M | 75.47M | -1.13M | 100.68M | 52.02M |
| Net Income | -2.38B | -3.90B | -8.40B | -10.18B | 823.70M | 703.60M | 529.00M | -126.31M | -1.07B | -65.04M | 20.71M | -170.84M | -105.45M | -97.57M |
| Net Income Ratio | -12.83% | -24.42% | -84.16% | -175.72% | 7.20% | 7.64% | 6.79% | -1.89% | -17.18% | -1.12% | 0.40% | -6.29% | -6.13% | -11.20% |
| EPS | -6.85 | -11.20 | -24.29 | -29.75 | -7.05 | 6.25 | 4.05 | -1.15 | -9.77 | -0.59 | 0.19 | -1.55 | -0.96 | -0.89 |
| EPS Diluted | -6.85 | -11.20 | -24.29 | -29.75 | -7.05 | 6.25 | 3.96 | -1.15 | -9.77 | -0.59 | 0.19 | -1.55 | -0.96 | -0.89 |
| Weighted Avg Shares Out | 347.53M | 347.68M | 345.67M | 342.17M | 340.96M | 112.57M | 105.20M | 109.99M | 109.99M | 109.99M | 109.99M | 109.99M | 109.99M | 109.99M |
| Weighted Avg Shares Out (Dil) | 347.53M | 347.68M | 345.67M | 342.17M | 340.96M | 112.57M | 107.20M | 109.99M | 109.99M | 109.99M | 109.99M | 109.99M | 109.99M | 109.99M |
Azul Airlines and Silver Airways announce a codeshare agreement for flights between Brazil and the United States
The codeshare will add the cities of Key West, Tampa, Gainesville in Florida and many more destinations in The Bahamas to Azul's destinations SÃO PAULO, Jan. 25, 2024 /PRNewswire/ -- Azul, the largest airline in Brazil terms of daily flights and...
AZUL December Passenger Traffic Increases From 2022 Levels
AZUL's load factor increases to 79.8% from 77.6% in December 2022.
Here's Why Investors Should Retain Azul (AZUL) Stock Now
Air-travel demand and declining expenses boost Azul (AZUL).
Azul Q3 Loss Wider Than Expected, Revenues Surpass Estimates
Azul's third-quarter 2023 revenues benefit from buoyant travel demand.
AZUL November Passenger Traffic Increases From 2022 Levels
AZUL reports a load factor of 79.2% in November 2023.
Azul is included in B3's Corporate Sustainability Index (ISE B3) for Third Consecutive Year
Being part of the index reinforces Azul's commitment to improve and develop environmental, social, and governance aspects, generating sustainable results for all stakeholders SÃO PAULO, Dec. 4, 2023 /PRNewswire/ -- Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number...
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Fundamentals Do Not Justify Azul's Discount To Gol
Azul's margins have benefited from jet fuel prices decreasing 30% YoY in Brazil. However, this trend reverted in 3Q23. The company has been moderately successful in recapitalizing via issuing equity at premiums and renegotiating debt and leases. Some terms are...
Surf Air Mobility and Azul Conecta Enter Agreement to Incorporate Electric Powertrains into Azul's Cessna Caravan Fleet
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”), the air mobility platform transforming regional flying through electrification, and Azul S.A. (B3: AZUL4, NYSE: AZUL) (“Azul”), the largest airline in Brazil, have agreed to collaborate on the commercial...
Azul Stock: Still A Strong Buy But Watch Oil Prices And Macroeconomics
Azul stock has outperformed the broader market, gaining 42% since May compared to a 10% gain for markets. Azul's Q3 2023 financial results showed growth in total revenues, driven by passenger and cargo revenues and a lower fuel bill. The...
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