Aviation Industry

Azul Reports Record Third Quarter Results


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 third quarter of 2017 ("3Q17"). 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 3Q17

Operating income was R$249.3 million, representing a margin of 12.5% compared to R$166.0 million and a margin of 9.6% in 3Q16. This is a record third quarter operating result for Azul.
EBITDAR increased 20% to R$634.0 million, representing a margin of 31.7%, making us the most profitable carrier in South America.
Net income totaled R$204.0 million, representing an improvement of R$194.6 million over 3Q16…

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Fuente: http://www.businesswire.com/news/home/20171109005595/en/Azul-Reports-Record-Quarter-Results

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