Azul 2Q FY26 net result turns to loss of R$ 1.04 billion; revenue rises 0.7% to R$ 4.98 billion

• Azul posted 2Q26 operating loss of R$ 159.1 million, swinging from operating income; net loss widened to R$ 1.04 billion.
• Revenue rose 0.7% to R$ 4.98 billion despite a 10.6% capacity cut; RASK climbed 12.7% to R$ 43.41 cents.
• EBITDA fell 55.4% to R$ 510.1 million; margin narrowed 12.9 percentage points to 10.2% on higher fuel prices.
• CASK jumped 26% to R$ 44.8 cents as fuel cost per liter rose 61.8% to R$ 6.25; load factor eased 1.1 points to 80.5%.
• Immediate liquidity totaled R$ 3.66 billion; management expects modest capacity growth to resume from 4Q26.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azul SA published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.