Brazilian airline Azul's core earnings up 33% in Q4

Reuters

02/24

SAO PAULO, Feb 24 (Reuters) - Brazilian airline Azul AZUL.N on Monday reported fourth-quarter core earnings slightly above market expectations and said it was optimistic about this year, after a challenging 2024 marked by a major debt restructuring.

The carrier's earnings before interest, taxes, depreciation and amortization (EBITDA) reached 1.95 billion reais ($340.31 million) in the October-December period, it said, up 33% year-on-year, helped by higher passenger traffic and load factor.

Analysts polled by LSEG expected EBITDA to come in at 1.91 billion reais in the quarter.

(Reporting by Gabriel Araujo, Editing by Louise Heavens)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))

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