Azul reports second quarter results

During the second quarter of 2018, Azul reported net income adjusted for non-recurring items of R$238.3 million, compared to a net loss of R$38.6 million in 2Q17. The airline’s adjusted operating income was R$75.8 million yielding a margin of 3.7% compared with R$98.8 million and a margin of 5.8% in 2Q17. Passenger traffic (RPKs) increased 17.4% over a capacity increase of 18.6% resulting in a load factor of 80.1%, 0.8 percentage points lower than in 2Q17. In addition to the double-digit growth in capacity, RASK and PRASK adjusted for the loss in revenue from the truckers’ strike in Brazil increased