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Azul AZUL · USD

Industrials · US listing · 🇺🇸 United States

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4.82

+10.55%

Close of 9 Nov 2026, in USD

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Azul annual report

Filed with the US Securities and Exchange Commission

20-F

The latest annual report covers the year to 31 Dec 2025, filed on 3 Apr 2026.

Read the 20-F on SEC.gov ↗

Five-year highlights

In BRL.

FY2025FY2024FY2023FY2022FY2021
RevenueBRL 21.64bnBRL 19.53bnBRL 18.55bnBRL 15.95bnBRL 9.98bn
Operating incomeBRL 4.32bnBRL 3.39bnBRL 1.66bnBRL 1.43bnBRL 54.8m
Net incomeBRL 124.9m−BRL 9.15bn−BRL 2.38bn−BRL 722.4m−BRL 4.21bn
Free cash flow−BRL 1.40bnBRL 1.53bnBRL 2.64bnBRL 1.18bn−BRL 934.9m
Total assetsBRL 23.63bnBRL 26.27bnBRL 20.53bnBRL 18.72bnBRL 18.53bn
Shareholders' equity−BRL 29.02bn−BRL 30.44bn−BRL 21.33bn−BRL 19.01bn−BRL 18.33bn

Revenue by business

Year to 31 Dec 2024

  • Air Transport [Member] BRL 19.28bn · 98.7%
  • Other Income [Member] BRL 248.1m · 1.3%

Revenue by region

Year to 31 Dec 2024

  • Domestic revenue BRL 16.08bn · 82.4%
  • Foreign revenue BRL 3.44bn · 17.6%

Filings

Newest first, from SEC EDGAR

Sources and methodology

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SEC EDGAR and our data supplier
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