Blue Airlline announced Wednesday that he concluded the first quarter with a rectified net loss of $ 1.82 billion, above the negative result of $ 324 million calculated a year earlier.
The company has found an operational performance measured by Ebitda of 1.38 billion dollars between January and late March, a drop of 29.4% in the same comparison, with the margin that withdraws from 30.3% to 25.7%.
The total net revenues of the company, however, increased by 15.3% in the period to 5.39 billion dollars, despite a drop of 3.5% in the “performance” indicator of ticket prices.
Without adjustments, Azul had a positive net result in the first quarter of R $ 783 million, reversing a loss of $ 1.12 billion dollars a previous year.
The company, so far the only airline in operation in the country that has not had to resort to a judicial recovery process to renovate its finances, closed in March with a financial lever 5.2 times compared to 3.7 times the previous year.
According to the company, if the conversion of part of the company that wins in 2029 and 2030 in shares, part of the restructuring plan that was negotiated with creditors for months, the financial leverage of Azul in the period would have been 4.4 times, is considered. Azul said that the increase in financial lever occurred due to the devaluation of reality before the dollar and its impacts on the debt.
Azul closed in March with 3.3 billion dollars in cash, falling by 19% compared to the end of last year and a gross debt of 34.7 billion dollars.
In the neighborhood, Azul’s fleet has been increased with three planes compared to the end of March last year, with 184 planes in use.
Source: Terra
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