AVIATION INDUSTRY

Azul Reports February 2019 Traffic

Azul S.A., «Azul», (B3: AZUL4,NYSE: AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today its preliminary traffic results for February 2019.

Consolidated passenger traffic (RPKs) increased 18.4% compared to February 2018 on a capacity increase (ASKs) of 16.9% resulting in a load factor of 81.1%, an increase of 1.0 p.p. compared to the same period in 2018. Domestic load factor was 82.1% and international was 78.0%.

«We had a very strong February with domestic demand growing 24.4% resulting in a load factor of 82.1%, up 2.9 percentage points. We couldn’t be more excited about the results we are seeing from the A320neos. We now have 24 next-generation aircraft in our fleet and will continue to focus on accelerating our fleet transformation plan going forward,» says John Rodgerson, Azul’s CEO.

Year to date we continue to be the most on-time airline in Brazil with 85.6% of flights departing within 15 minutes of departure time, according to FlightStats…

Feb-19

Feb-18

% ∆

YTD 2019

YTD 2018

% ∆

Total

RPK (million)

2,069

1,748

18.4%

4,643

4,017

15.6%

ASK (million)

2,550

2,182

16.9%

5,632

4,840

16.4%

Load factor

81.1%

80.1%

+1.0 p.p.

82.4%

83.0%

-0.6 p.p.

Domestic

RPK (million)

1,603

1,289

24.4%

3,526

2,971

18.7%

ASK (million)

1,953

1,626

20.1%

4,286

3,642

17.7%

Load factor

82.1%

79.2%

+2.9 p.p.

82.3%

81.6%

+0.7 p.p.

International

RPK (million)

465

459

1.3%

1,118

1,046

6.8%

ASK (million)

597

556

7.4%

1,346

1,197

12.4%

Load factor

78.0%

82.7%

-4.7 p.p.

83.0%

87.4%

-4.4 p.p.

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