Azul described its first quarter (Q1) 2024 earnings results as “Azul’s best first quarter in history”. The company’s EBITDA reached an all-time record for a first quarter, increasing 37.4% to R$1.4 billion (around $291 million), with a margin of 30.3%. This represents an increase of R$385.2 million (around $75 million) compared to Q1 2023. Operating income was also at record levels for an Azul first quarter, increasing 73.2% to R$800.7 million ($155 million), representing a margin of 17.1%, 6.8 percentage points higher than in Q1 2023. Passenger traffic (RPKs) increased 1.7% over a capacity increase of 2.6%, resulting in a

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