- I view Azul’s business model as flawed, considering the last year in which it was profitable was 2017.
- The company plans to order 220 eVTOL aircraft from Lilium, which I consider to be a mistake as I view hydrogen airplanes as a more viable technology for the future.
- Azul’s balance sheet is in bad shape as the shareholders' equity and working capital were deep in the red as of June 2021.
- I’m bearish on this one and the short borrow fee rate stands at just 0.29% as of the time of writing.
For further details see:
Azul Looks Overvalued Based On Fundamentals