AZUL - Azul Non-GAAP EPADR of -$1.14 misses by $0.03 revenue of R$3.19B

Azul press release (NYSE:AZUL): Q1 Non-GAAP EPADR of -$1.14 misses by $0.03. Revenue of R$3.19B (+74.3% Y/Y). For the second quarter of 2022, we expect to achieve an all-time record operating revenue and RASK for any quarter in our history. This is even more remarkable given the second quarter is seasonally our weakest. "In 2022 we expect our capacity to grow approximately 10% vs. 2019 and remain confident of an expected EBITDA for the 2022 year of around R$4.0 billion excluding non-recurrent items. Considering our capacity growth strategy, we believe that we will enter 2023 with our operations fully recovered. Combined with the continued revenue growth, our cost-cutting initiatives, and a rational competitive environment, we expect to generate EBITDA of at least R$5.5 billion in 2023.Q22"

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Azul Non-GAAP EPADR of -$1.14 misses by $0.03, revenue of R$3.19B