Azul SA (AZUL) has released an update.
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Azul S.A., Brazil’s largest airline, has revised its 2024 outlook, predicting an 11% increase in capacity due to strong demand and strategic fleet enhancements. The company anticipates a higher EBITDA of approximately R$6.5 billion and maintains its leverage expectation at around 3x. Azul reassures investors that it will continue to provide updates on its financial performance and projections.
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