AZUL Stock Recent News
AZUL LATEST HEADLINES
Azul remains bullish on the future with >55% EBITDA growth targeted for 2023. Agreement on lease restructuring was a must for Azul, not a luxury as the company turns its business around and aims to improve its capital structure.
Azul S.A. (NYSE:AZUL ) Q4 2022 Earnings Conference Call March 6, 2023 10:00 AM ET Company Participants Thais Haberli - Head of IR David Neeleman - Founder & Chairman John Rodgerson - CEO Alex Malfitani - CFO Abhi Shah - President Conference Call Participants Fernanda Recchia - BTG Bruno Amorim - GS Gabriel Rezende - Itau BBA Stephen Trent - Citi Stefan Styk - Bank of America Daniel McKenzie - Seaport Global Victor Mizusaki - Bradesco BBI Ygor de Araujo - Genial Investimentos Rogerio Araujor - Bank of America Operator Hello, everyone, and welcome all to the Fourth Quarter Earnings Call from Azul. My name is Zach and I'll be your operator for today.
One of the biggest movers in today's market is Brazilian airline Azul (NYSE: AZUL ). At the time of this writing, AZUL stock has attained liftoff, surging more than 40% over yesterday's close.
Azul reported fourth-quarter results that were shy of expectations, but the airline was able to work out a deal with its lessors that should let it become cash flow positive in 2024. Gol Linhas Aereas Inteligentes is going along for the ride as investors view the lessors' willingness to work with Azul and Azul's commentary about 2023 as positive signs about the health of the domestic market.
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
AZUL is one of the two largest airlines in Brazil. The company's market cap is now below the level seen in March 2020.
Azul traffic has fully recuperated from the pandemic. However, financial costs eat all operating results.
Azul missed earnings expectations by $0.04 per share. The company is ahead in the recovery curve compared to international peers.
Consolidated air traffic surges 33.9% year over year at AZUL on a year-to-date basis.
Azul S.A. (NYSE:AZUL ) Q3 2022 Results Conference Call November 10, 2022 11:00 AM ET Company Participants Thais Haberli - Head of Investor Relations David Neeleman - Founder and Chairman John Rodgerson - Chief Executive Officer Alex Malfitani - Chief Financial Officer Abhi Shah - President Conference Call Participants Diego Serrano - Credit Suisse Michael Linenberg - Deutsche Bank Daniel McKenzie - Seaport Global Savanthi Syth - Raymond James Bruno Amorim - GS Stephen Trent - Citi Rogerio Araujo - Bank of America Josh Milberg - Morgan Stanley Operator Hello, everyone, and welcome to Azul's Third Quarter 2022 Results Conference Call. My name is [Fabio] and I will be your operator for today.