Azul’s Strong Q3 Performance Undermined By 54% Rise In Expenses
Credit: Rob Finlayson
Azul is the latest Brazilian airline to post a loss in the third quarter (Q3) even as robust demand trends show no signs of slowing down. The airline’s Q3 BRL1.6 billion ($304 million) loss can largely be attributed to a nearly 54% hike in operating expenses year-on-year (YOY) to BRL4 billion. Azul...
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