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Company research

AZUL SA

CIK 1432364Updated Sep 27, 2026

Name history
SALEB II PARTICIPACOES SA · through Apr 10, 2008

AZLUY price & chart

Provider market data

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About the company

We are the largest airline in Brazil in terms of cities served, according to ANAC (Brazil’s National Civil Aviation Agency), with around 970 daily departures to 160 destinations, creating a network of more than 390 non-stop routes as of December 31, 2025. As the sole airline on 80% of our routes, we are the leading airline in 115 Brazilian cities in terms of departures according to ANAC, and carried about to 30 million passengers in the year ended December 31, 2025. In addition to having an extensive network, optimized fleet, and a high-quality product, we also have strategic revenue generating business units including our wholly-owned loyalty program Azul Fidelidade, our logistics solutions business Azul Cargo and Azul Viagens, our tourism travel business.

F-1/A · 2026-06-09 · 0001292814-26-003370

Company description from the cited filing.

In the news

No coverage from other publishers is available.

Seeking Alpha
SEC disclosures

Recent filings

  1. EFFECT filing

    EFFECT · 2026-09-14 · 9999999995-26-002960

  2. 424B3 filing

    424B3 · 2026-09-14 · 0001432364-26-000028

  3. POS AM filing

    POS AM · 2026-08-28 · 0001432364-26-000024

  4. SCHEDULE 13G/A filing

    SCHEDULE 13G/A · 2026-08-14 · 0001011438-26-000546

  5. SCHEDULE 13G/A filing

    SCHEDULE 13G/A · 2026-08-14 · 0001104659-26-096646

Show 5 more recent filings
  1. 6-K filing

    6-K · 2026-08-14 · 0001292814-26-004246

  2. 25 filing

    25 · 2026-07-16 · 0001292814-26-003772

  3. 6-K filing

    6-K · 2026-07-10 · 0001432364-26-000020

  4. CERT filing

    CERT · 2026-07-06 · 0000876661-26-000598

  5. 6-K filing

    6-K · 2026-07-06 · 0001432364-26-000018

Financials

FY 2025 · BRL
Revenue21,640,393,000BRL · FY 2025
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

Net income— · FY 2025
Assets—BRL · FY 2025
Cash— · FY 2025
Operating income4,321,470,000BRL · FY 2025
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

Diluted EPS— · FY 2025

Some figures are unavailable for this reporting year.

Balance-sheet figures are unavailable pending verification.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Profit or LossBRL124,858,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

-9,151,371,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

-2,380,456,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

-722,367,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

Additional Financial Items
AdjustmentsForIncreaseDecreaseInTradeAccountPayableBRL-796,177,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

3,185,301,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

2,795,585,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

2,275,418,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

AdjustmentsForSharebasedPaymentsBRL70,779,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

43,455,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

71,643,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

-18,250,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

AdjustmentsForUnrealisedForeignExchangeLossesGainsBRL-4,178,793,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

7,736,026,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

-1,616,363,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

-1,464,235,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

IncreaseDecreaseInWorkingCapitalBRL-7,485,348,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

-5,979,544,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

479,436,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

-4,320,252,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

InterestPaidClassifiedAsOperatingActivitiesBRL1,486,732,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

2,073,149,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

1,724,830,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

1,169,830,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

Nonoperating Income (Expense)BRL——-4,002,024,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

—
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesBRL3,054,270,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

2,803,166,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

2,353,262,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

2,772,581,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

PaymentsToAcquireOrRedeemEntitysSharesBRL4,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

2,596,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

6,826,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

3,923,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

ProceedsFromBorrowingsClassifiedAsFinancingActivitiesBRL7,423,172,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

3,209,990,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

4,733,292,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

200,000,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesBRL———0
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesBRL188,355,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

234,936,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

168,971,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

198,525,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesBRL2,277,964,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

1,723,166,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

1,907,123,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

819,182,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueBRL21,640,393,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

19,526,208,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

18,554,425,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

15,948,067,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

Additional Financial Items
ApplicableTaxRatenumber0.3
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

0.3
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

0.3
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

0.3
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

CurrentTaxExpenseIncomeBRL———0
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

DeferredTaxExpenseIncomeBRL0
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

-39,526,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

39,526,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

DepreciationAndAmortisationExpenseBRL3,013,375,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

2,563,982,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

2,404,223,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

2,094,448,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

EmployeeBenefitsExpenseBRL2,693,363,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

2,722,872,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

2,408,364,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

1,954,568,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

FinanceCostsBRL10,295,119,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

5,247,414,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

5,608,771,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

4,793,782,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

FinanceIncomeBRL904,083,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

239,058,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

220,141,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

277,289,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

IncomeTaxExpenseContinuingOperationsBRL12,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

-38,803,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

39,526,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

InterestExpenseOnLeaseLiabilitiesBRL2,675,913,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

2,460,514,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

2,420,557,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

2,533,128,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

Nonoperating Income (Expense)BRL——-4,002,024,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

—
OtherFinanceCostBRL231,004,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

130,558,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

200,401,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

110,255,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

OtherOperatingIncomeExpenseBRL-2,874,606,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

-1,703,676,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

-2,802,036,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

-1,857,578,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

ProfitLossBeforeTaxBRL124,870,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

-9,190,174,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

-2,340,930,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

-722,367,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

ProfitLossFromOperatingActivitiesBRL4,321,470,000
Source

20-F · 2026-04-03 · 0001628280-26-023423

2025-01-01 to 2025-12-31

3,390,632,000
Source

20-F · 2025-04-29 · 0001628280-25-020401

2024-01-01 to 2024-12-31

1,661,094,000
Source

20-F · 2024-05-16 · 0001628280-24-023656

2023-01-01 to 2023-12-31

1,429,555,000
Source

20-F · 2023-04-20 · 0001628280-23-012117

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

Offerings

Registration 333-295577

F-1/A · 2026-06-09 · 0001292814-26-003370

Terms from the governing filing for this registration; not a claim that the offering is open today.