Brazil airline Azul narrows pandemic losses to US$57 million in Q4

RIO DE JANEIRO, BRAZIL – Brazilian airline Azul (Azul Linhas Aéreas Brasileiras) on Thursday, March 4th, reported a net loss of R$317.4 million (US$56.56 million) in Q4, the carrier’s best quarterly performance since the pandemic upended air travel.

Azul said its revenue had more than doubled compared to Q3 to R$1.8 billion. The airline’s cost management during the pandemic also helped double its liquidity to R$3 billion in the same period.

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