Azul SA (AZUL) has released an update.
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Azul S.A., Brazil’s leading airline, has released its unaudited results for the fourth quarter of 2023, reporting record-breaking figures and a positive outlook for 2024. The company saw a 33.7% increase in 4Q23 EBITDA, a 68.3% rise in operating income for the same period, and a year-over-year revenue growth of 17.2%. These results demonstrate the strength of Azul’s business model and the robust demand for its diversified services, despite the challenging global environment.
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