Azul Reports Second Quarter Net Income of R$345 million

SÃO PAULO, Aug. 8, 2019 /PRNewswire/ -- Azul S.A., "Azul" (B3:AZUL4, NYSE:AZUL) the largest airline in Brazil by number of cities and departures, announces today its results for the second quarter of 2019 ("2Q19"). The following financial information, unless stated otherwise, is presented in Brazilian reais and in accordance with International Financial Reporting Standards (IFRS).

Financial and Operating Highlights for 2Q19

• Operating income was R$339.9 million yielding a margin of 13.0%, compared with R$200.1 million and a margin of 10.0% in 2Q18.
• Net income totaled R$345.5 million, compared to a net loss of R$791.4 million in 2Q18.
• Passenger traffic (RPK) increased 21.3% on a capacity growth of 15.5%, representing a load factor of 84.1%, 4.0 percentage points higher than 2Q18.
• In addition to the double-digit growth in capacity, RASK and PRASK increased 13.6% and 13.0% year over year, respectively. RASK adjusted for the increase in stage length increased 15.1% year over year.
• Total liquidity[1]position was R$4.2 billion, up R$371.1 million, representing 42% of last twelve months' revenue. Azul also generated R$386.9 million in free cash flow during the quarter.

To access the full report visit www.voeazul.com.br/ir

Conference Call Details

Thursday, August 8, 2018
12:30 pm (EST) | 1h30 pm (Brasília time)
USA: +1 412 717-9627
Brazil: +55 11 3193-1070 or +55 11 2820-4070
Code: AZUL
Webcast: www.voeazul.com.br/ir 

Replay:
+55 11 3193 1012 or +55 11 2820 4012
Code: 6237454#

About Azul

Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of flight departures and cities served, offers 870 daily flights to 114 destinations. With an operating fleet of 130 aircraft and more than 11,000 crewmembers, the Company has a network of 220 non-stop routes as of June 30, 2019. In 2019, Azul was awarded best airline in Latin America by TripAdvisor Travelers' Choice and also best regional carrier in South America for the ninth consecutive time by Skytrax. In 2018, the Company was elected best airline by Kayak's Flight Hacker Guide. Azul also ranked as most on-time airline in Brazil in 2018 according to FlightStats. For more information visit www.voeazul.com.br/ir. 

Contact:
Andrea Bottcher
Investor Relations
Tel: +55 11 4831 2880
invest@voeazul.com.br

Media Relations
Tel: +55 11 4831 1245
imprensa@voeazul.com.br

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SOURCE Azul S.A.