Brazil airline Azul hikes 2024 earnings forecast on 'robust' demand
Azul said it expects earnings before interest, taxes, depreciation and amortization (EBITDA) of around 6.5 billion reais this year, representing nearly 25 per cent growth over 2023 and above the 6.3 billion reais previously projected. The upward revision, the company said in a securities filing, reflects strong demand, improving fuel prices, expected growth in capacity and a greater number of fuel-efficient aircraft entering its fleet.
Azul said it expects earnings before interest, taxes, depreciation and amortization (EBITDA) of around 6.5 billion reais this year, representing nearly 25 per cent growth over 2023 and above the 6.3 billion reais previously projected. The upward revision, the company said in a securities filing, reflects strong demand, improving fuel prices, expected growth in capacity and a greater number of fuel-efficient aircraft entering its fleet.
Gestrs.com
Gestrs's Team: Passionate travellers sharing adventures worldwide. Inspiring wanderlust, one destination at a time. Join us on our journey!
