Azul Projects 40 Percent Demand by Year-end, Return to Regular Operation in 2022

"It has always been difficult to anticipate the future in Brazil. But today, December seems like five years from now," said a company officer.

RIO DE JANEIRO, BRAZIL - The pre-pandemic scenario remains a distant horizon for airlines. Azul, which released its first quarter balance earlier yesterday, expects a "conservative" rebound in demand by the end of 2020, to around 40 percent of pre-crisis levels.

Relative normality is expected to occur within 18 to 24 months. "We have several scenarios and a type of reaction for each of them, but this is what we think is possible at this time," said Alexandre Malfitani, vice president of Finance and Investor Relations. "It has always been difficult to anticipate the future in Brazil. But today . . .

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