Azul S.A. (AZUL) — Financial statements
Income statement, balance sheet, and cash flow for Azul S.A. — annual and quarterly history with growth and margin analysis.
| Metric (BRL Millions) | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 19,526↑5.2% | 18,554↑16.3% | 15,948↑59.9% | 9,976↑73.7% | 5,744 | |
| Cost of Revenue | 14,376↓6.8% | 15,424↑20.7% | 12,780↑56.4% | 8,170↑28.3% | 6,370 | |
| Gross Profit | 5,151↑64.5% | 3,131↓1.2% | 3,168↑75.4% | 1,806↑439.6% | -532 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 648↑29.1% | 502↑386.5% | 103↑28.6% | 80↓90.7% | 864 | |
| Selling & Marketing Expenses | 932↑13.6% | 820↑17.3% | 699↑73.0% | 404↑15.0% | 351 | |
| SG&A Expenses | 1,580↑20.5% | 1,312↑63.5% | 802↑65.7% | 484↓60.2% | 1,215 | |
| Other Expenses | 180↑13.9% | 158↓83.2% | 937↓26.1% | 1,267↑78.1% | 711 | |
| Operating Expenses | 1,760↑19.8% | 1,470↓48.3% | 2,842↑62.3% | 1,751↑12.0% | 1,563 | |
| Total Costs & Expenses | 16,136↓4.5% | 16,893↑16.4% | 14,519↑46.3% | 9,921↑38.9% | 7,143 | |
| Operating Results | ||||||
| Operating Income | 3,391↑104.1% | 1,661↑16.2% | 1,430↑2508.9% | 55↑103.9% | -1,399 | |
| Depreciation & Amortization | 310↓87.1% | 2,404↑14.8% | 2,094↑35.6% | 1,544↓14.5% | 1,806 | |
| EBITDA | 3,557↓23.0% | 4,619↓17.7% | 5,612↑891.0% | 566↑108.0% | -7,060 | |
| EBIT | 3,247↑46.6% | 2,215↓37.0% | 3,518↑459.7% | -978↑89.0% | -8,865 | |
| Interest & Other Income | ||||||
| Net Interest Income | -4,822↑0.3% | -4,837↓7.1% | -4,516↓22.6% | -3,684↓50.1% | -2,454 | |
| Interest Income | 150↑153.4% | -281 | 0.00↓100.0% | 132 | 0.00 | |
| Interest Expense | 4,858↑6.6% | 4,556↑7.4% | 4,240↑22.3% | 3,468↑56.8% | 2,212 | |
| Non-Operating Income | 144↑126.0% | -554↑73.5% | -2,088↓302.2% | 1,033↓86.2% | 7,466 | |
| Other Income / Expenses | -12,581↓214.4% | -4,002↓86.0% | -2,152↑49.6% | -4,268↑55.9% | -9,678 | |
| Income Before Tax | -9,190↓292.6% | -2,341↓224.1% | -722↑82.9% | -4,213↑62.0% | -11,077 | |
| Income Tax Expense | -39↓198.2% | 40 | 0.00 | 0.00↑100.0% | -243 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -9,151↓284.4% | -2,380↓229.5% | -722↑82.9% | -4,213↑61.1% | -10,835 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -9,151↓284.4% | -2,380↓229.5% | -722↑82.9% | -4,213↑61.1% | -10,835 | |
| Bottom-Line Net Income | -9,151↓284.4% | -2,380↓229.5% | -722↑82.9% | -4,213↑61.1% | -10,835 | |
| EPS (Basic) | -78.96↓284.2% | -20.55↓72.5% | -11.91↑71.2% | -41.37↑53.4% | -88.83 | |
| EPS (Diluted) | -78.96↓284.2% | -20.55↓72.5% | -11.91↑71.2% | -41.37↑53.4% | -88.83 | |
| Weighted Average Shares | 116↑0.0% | 116↑0.1% | 116↑0.5% | 115↑0.5% | 115 | |
| Weighted Average Diluted Shares | 116↑0.0% | 116↑0.0% | 116↑0.5% | 115↑0.6% | 115 | |
* All figures in Millions of BRL, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.