Azul: Impressive Revenue Offset By Higher Fuel Prices

Mar. 07, 2022 9:14 AM ETAzul S.A. (AZULQ) StockAZULQ7 Comments

Summary

  • Azul reported record revenue in Q4 2021, in part due to aggressive market pricing and its rapidly growing logistics arm.
  • Operating leverage and FX stability can help cash flows, offset by spiraling fuel costs.
  • Moody's upgraded Azul's credit rating to B3, although financial leverage remains high.

Commercial jet flying over clouds

spooh/E+ via Getty Images

Azul S.A. (AZUL) is operated by a great management team, including the likes of David Neeleman, who is a serial entrepreneur of the industry after founding five different commercial airlines, including Azul. Each airline has been a relative success, either

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