Azul optimistic post-IPO; touts new aircraft
Azul Brazilian Airlines views more efficient aircraft joining its fleet—specifically the Airbus A320neo and Embraer E195-E2—and new revenue streams from ancillary fees as keys to what it is characterising to investors as a “ton of upside” going forward. Buoyed by an IPO that raised US$570m in April, Azul executives said a more stable Brazilian economy helped it narrow its Q2 2017 net loss by 71.7% year-over-year to BRL33.9m ($10.3m) and swing to a BRL21.3m net profit for the first half of the year compared to a BRL187.1m net loss in the first 6 months of 2016. “What you’re seeing is stability” in the Brazilian economy, Azul CE John Rodgerson said Monday. “We’re not here to claim the recovery is in play yet, but we’re very optimistic for the second half of the year.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-08-15/unaligned/azul-optimistic-post-ipo-touts-new-aircraft
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Azul optimistic post-IPO; touts new aircraft
Azul Brazilian Airlines views more efficient aircraft joining its fleet—specifically the Airbus A320neo and Embraer E195-E2—and new revenue streams from ancillary fees as keys to what it is characterising to investors as a “ton of upside” going forward. Buoyed by an IPO that raised US$570m in April, Azul executives said a more stable Brazilian economy helped it narrow its Q2 2017 net loss by 71.7% year-over-year to BRL33.9m ($10.3m) and swing to a BRL21.3m net profit for the first half of the year compared to a BRL187.1m net loss in the first 6 months of 2016. “What you’re seeing is stability” in the Brazilian economy, Azul CE John Rodgerson said Monday. “We’re not here to claim the recovery is in play yet, but we’re very optimistic for the second half of the year.” <br/>
