Brazilian Airline Azul Receives U.S. Court Approval For Chapter 11 Reorganization Plan
AZUL SA SPON ADR EACH REP 3 PFD SHS AZULQ | 0.06 | 0.00% |
Azul reports unaudited monthly financial information to the US Court
São Paulo, November 28, 2025 – Azul S.A., "Azul" ((B3:AZUL4, OTC:AZULQ), presented today its monthly operating reports, containing certain financial information for the period from October 1, 2025, to October 31, 2025, to the United States Bankruptcy Court for the Southern District of New York, as required during its previously announced Chapter 11 process. The monthly operating report includes items such as cash position, revenue, and profit and loss for the period mentioned above for each of Azul's subsidiaries that are subject to the voluntary Chapter 11 process in the United States.
Additionally, the Company disclosed on this date preliminary and unaudited consolidated financial information for the period from October 1, 2025 to October 31, 2025, with the aim of keeping the market informed about the evolution of its financial and operational performance throughout its restructuring process.
| Highlights (R$ million) | Oct-25 |
| Total operating revenue | 1,900.6 |
| Adjusted EBITDA¹ | 716.4 |
| Adjusted EBITDA margin (%)¹ | 37.7% |
| Operating income¹ | 484.4 |
| Operating margin (%)¹ | 25.5% |
| Cash, cash equivalents and short-term investments | 1,848.57 |
| Accounts receivable | 2,817.40 |
¹Results adjusted for non-recurring items related to restructuring
The Company emphasizes that such information:
| · | are preliminary and have not been audited by its independent auditors; |
| · | were prepared exclusively for the purpose of complying with the requirements of Chapter 11, according to practices and criteria established by the United States rules applicable to that process; and |
| · | should not be directly compared to the regular financial statements previously disclosed by Azul. |
As Azul works to complete its restructuring process, the Company will issue a press release in connection with each monthly operating report filed with the Court.
Azul will continue to disclose quarterly financial statements revised by our auditors and annual financial statements audited according to CVM and SEC rules.