Aviation
Commercial /
Brazil
reversed loss
Azul obtained BRL 1.07 billion in profit in the second quarter, triple the amount obtained in the same period in 2019, before the pandemic
A320neo
Divulgação/Airbus
Gabriela Ramos
8/15/2021
The losses suffered by Azul in the second quarter of 2020 were reversed, reveals the company's financial results released recently. According to the report, the company earned BRL 1.07 billion in the second quarter of 2021, triple the amount obtained in the same period in 2019, before the pandemic.
In 2020, revenue from passengers was R$282.5 million and, between April and June 2021, this amount went to R$1.42 billion, which significantly boosted total revenues, which reached almost R$285 million, that is, the value more than tripled.
The company's immediate liquidity in this period was R$5.5 billion, which represents 90.4% of revenue for the last twelve months. Total liquidity, on the other hand, was R$8.2 billion.
John Rodgerson, president of the company, stated that “by the end of September, 100% of Brazilian adults will be vaccinated with at least one dose of vaccine. As a result, the economy has reopened safely. (...) I am confident that as vaccination progresses in Brazil and corporate activities return to being in person, we will see a favorable revenue scenario during the second half of the year”.
A330
Divulgação/Airbus
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Gabriela Ramos
Gabriela is the latest addition to the editorial team of our website, having provided us with her solid background in editing, publishing and photography, and her interest and training in aviation history and historiography. His good taste and common sense and great cleverness and sagacity in the selection of themes and materials greatly enriched our vocabulary and narrative style. Gabriela brought unusual predicates and came to stay, helping to point the way of success of our portal.
   
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