Daily Memo: Azul Takes Steps To Combat Brazil’s Wild Currency Fluctuations
Credit: Trevisan Aviation Images / Alamy Stock Photo
After facing shorter-term headwinds in the second quarter (Q2), Azul is laying the foundation to combat currency pressure after the Brazilian Real depreciated at a staggering rate during the quarter. The closure of Porto Alegre Salgado Filho Airport in May affected Azul’s Q2 results by BRL200...
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Daily Memo: Azul Takes Steps To Combat Brazil’s Wild Currency Fluctuations is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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