Azul S.A., “Azul” (B3:AZUL4) NYSE:AZUL) the largest airline in Brazil by number of cities and departures, has announced its results for the fourth quarter of 2017 (“4Q17”) and for the full year 2017, the company said.
Operating income was BRL 305.6 million, representing a margin of 13.9% compared to BRL 170.0 million and a margin of 9.3% in 4Q16. This is a record fourth quarter operating result for Azul and was achieved even with the 16.0% increase in fuel prices year over year. Operating margin was 11.1% for the full year compared to 5.2% in 2016.
EBITDAR increased 27.9% to BRL 674.2 million, representing a margin of 30.7%, making us one of the most profitable carriers in South America.
Net income totaled BRL 303.7 million, representing an improvement of BRL 252.4 million over 4Q16. Net income in 2017 came in at BRL 529.0 million, compared to a net loss of BRL 126.3 million the year before.
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of cities served, offers 766 daily flights to 104 destinations. With an operating fleet of 122 aircraft and more than 10,000 crewmembers, the company has a network of 223 non-stop routes as of December 31, 2017. Among other awards received in 2017, Azul was elected third best airline in the world by TripAdvisor Travelers´ Choice and best low cost carrier in South America for the seventh consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil and most on-time low-cost carrier in the Americas in 2017 according to OAG´s Punctuality League, the industry´s most comprehensive annual ranking of on-time performance. For more information visit www.voeazul.com.br/ir.