AZUL on NYSE

AZUL SA

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Last updated Oct 16, 2026.

Overview

21.6BRevenue, fiscal 20252
124.9MNet income, fiscal 20252

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  • TickerAZUL on NYSE
  • IndustryAir Transportation, Scheduled
  • HeadquartersD5
  • Incorporated inBrazil3
  • Business addressAv. Marcos Penteado Ulhoa Rodrigues, No. 939, 9 Floor, Ed. Jatoba, Barueri, D5 06460-0403
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2025

20.0%Operating margin2
0.6%Net margin2
10.8%Revenue growth, 20252
-1.4B BRLFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Air Transport brought in 98% of the revenue AZUL SA broke down this way in fiscal 2025.

  1. Air Transport21.3B BRL298%up 10% from 2024
  2. Ancillary Revenues357.4M BRL22%up 44% from 2024
Products and services by year
Products and services20242025
Air Transport19.3B BRL21.3B BRL
Ancillary Revenues248.1M BRL357.4M BRL

Regions

Country of domicile [member] brought in 79% of the revenue AZUL SA broke down this way in fiscal 2025.

  1. Country of domicile [member]17.2B BRL279%up 7% from 2024
  2. Foreign countries [member]4.5B BRL221%up 30% from 2024
Regions by year
Regions202320242025
Country of domicile [member]14.7B BRL16.1B BRL17.2B BRL
Foreign countries [member]3.9B BRL3.4B BRL4.5B BRL

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢21.5B BRL
  • Profit1¢124.9M BRL

Out of 21.6B BRL in revenue.2

Financial statements

Revenue45678221.6B BRL in 2025+139% since 2018
010.0B BRL20.0B BRL30.0B BRL2018: 9.1B BRL9.1B BRL20182019: 11.4B BRL11.4B BRL2019+26%2020: 5.7B BRL5.7B BRL2020−50%2021: 10.0B BRL10.0B BRL2021+74%2022: 15.9B BRL15.9B BRL2022+60%2023: 18.6B BRL18.6B BRL2023+16%2024: 19.5B BRL19.5B BRL2024+5%2025: 21.6B BRL21.6B BRL2025+11%
Operating income4567824.3B BRL in 2025+262% since 2018
-2.0B BRL02.0B BRL4.0B BRL6.0B BRL2018: 1.2B BRL1.2B BRL20182019: -1.2B BRL-1.2B BRL20192020: -1.4B BRL-1.4B BRL2020+17%2021: 54.8M BRL54.8M BRL20212022: 1.4B BRL1.4B BRL2022+2509%2023: 1.7B BRL1.7B BRL2023+16%2024: 3.4B BRL3.4B BRL2024+104%2025: 4.3B BRL4.3B BRL2025+27%
Net income456782124.9M BRL in 2025
-15.0B BRL-10.0B BRL-5.0B BRL05.0B BRL2018: -635.7M BRL-635.7M BRL20182019: -2.4B BRL-2.4B BRL2019+278%2020: -10.8B BRL-10.8B BRL2020+351%2021: -4.2B BRL-4.2B BRL2021−61%2022: -722.4M BRL-722.4M BRL2022−83%2023: -2.4B BRL-2.4B BRL2023+230%2024: -9.2B BRL-9.2B BRL2024+284%2025: 124.9M BRL124.9M BRL2025

Every line of the income statement in the latest annual report, as filed.2

Period ending2025-12-312024-12-312023-12-31
Passenger revenue20.0B BRL18.1B BRL17.2B BRL
Other revenues1.6B BRL1.4B BRL1.3B BRL
Total revenue21.6B BRL19.5B BRL18.6B BRL
Aircraft fuel-5.7B BRL-5.6B BRL-5.9B BRL
Salaries and benefits-2.7B BRL-2.7B BRL-2.4B BRL
Airport taxes and fees-1.3B BRL-1.1B BRL-1.1B BRL
Auxiliary services for air transport-956.9M BRL-872.5M BRL-807.6M BRL
Maintenance-824.1M BRL-789.2M BRL-898.3M BRL
Advertising and publicity-915.4M BRL-889.2M BRL-779.3M BRL
Depreciation and amortization-3.0B BRL-2.6B BRL-2.4B BRL
Impairment and onerous contracts0 BRL143.8M BRL245.6M BRL
Insurance-100.4M BRL-79.6M BRL-89.5M BRL
Renegotiations Chapter 11181.9M BRL0 BRL0 BRL
Breakage GUC Chapter 111.7B BRL0 BRL0 BRL
Restructuring costs Chapter 11-871.0M BRL0 BRL0 BRL
Other-2.9B BRL-1.7B BRL-2.8B BRL
Total operating expenses-17.3B BRL-16.1B BRL-16.9B BRL
Operating profit4.3B BRL3.4B BRL1.7B BRL
Financial income904.1M BRL239.1M BRL220.1M BRL
Financial expenses-10.3B BRL-5.2B BRL-5.6B BRL
Derivative financial instruments, net986.5M BRL317.7M BRL-238.5M BRL
Foreign currency exchange, net4.2B BRL-7.9B BRL1.6B BRL
Financial result-4.2B BRL-12.6B BRL-4.0B BRL
Income (loss) before income tax and social contribution124.9M BRL-9.2B BRL-2.3B BRL
Current income tax and social contribution-12.0K BRL-723.0K BRL0 BRL
Deferred income tax and social contribution0 BRL39.5M BRL-39.5M BRL
Income (loss) for the year124.9M BRL-9.2B BRL-2.4B BRL

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Former names

  • SALEB II PARTICIPACOES SAApr 10, 2008 to Apr 10, 20083

Recent filings

  1. Oct 7, 20266-K
  2. Sep 30, 20266-K
  3. Sep 30, 2026424B3
  4. Sep 14, 2026424B3
  5. Sep 14, 2026EFFECT
  6. Aug 28, 2026POS AM
  7. Aug 14, 20266-K
  8. Aug 14, 2026SCHEDULE 13G/A
  9. Aug 14, 2026SCHEDULE 13G/A
  10. Jul 16, 202625
  11. Jul 10, 20266-K
  12. Jul 6, 2026424B3
  13. Jul 6, 20268-A12B
  14. Jul 6, 20266-K
  15. Jul 6, 2026CERT NYSE CERTIFICATION

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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