Business

See the projections released today by Azul Linhas Aéreas for 2022 and 2023


Azul Linhas Aéreas announces this Monday, May 9, the expected results in terms of capacity, RASK (revenue per seat kilometer), EBITDA (earnings before interest, taxes, depreciation and amortization) and leverage for 2022 and for 2023, and leverage for 2024.

Based on the most up-to-date information available at this time, the company shares the projections as follows:

1) Azul expects to increase capacity by approximately 10% in 2022 compared to 2019.

“We continue to serve and connect Brazil through our unique network and diversified fleet. In 1Q22, we reached a record 151 destinations served. We also saw nine straight months of strong and growing leisure demand, while corporate accelerated rapidly. As a result, we expect to grow total capacity by approximately 10% in 2022 compared to 2019.”

2) Expect to increase RASK by more than 20% in the year 2022 compared to 2019.

“We ended 1Q22 with rates at record levels in both the leisure and corporate segments. Compared to 2019, corporate revenue has already recovered over 120%, while corporate traffic is still at 71% of pre-pandemic levels, indicating potential for further recovery. We remain confident of our revenue potential for 2022 and we estimate that our RASK will increase by more than 20% in 2022 compared to 2019.”


3) Estimates to generate EBITDA in 2022 of R$4 billion and EBITDA in 2023 of R$5.5 billion.

“We remain strongly focused on the execution of our business plan for 2022, with an emphasis on expanding our exclusive network, with discipline in our capacity management and efficiency gains. Considering the current scenario of demand, fuel and exchange rate, we expect to generate a record EBITDA of R$4 billion in 2022, even with the impact of the Ômicron variant in the first quarter. We also project an EBITDA of BRL 5.5 billion in 2023, compared to our previous record EBITDA of BRL 3.6 billion in 2019.”

4) Expects to end 2022 with leverage, calculated as net debt/EBITDA for the last twelve months, starting with a 5, including cash and cash equivalents, short-term investments and accounts receivable.

“Considering the current scenario of demand recovery and revenue growth already realized in 2022, in addition to our deleveraging and EBITDA generation strategy, we are confident that we will be able to end 2022 with a leverage starting at 5 and continue to reduce our leverage organically, taking it to levels starting at 4 in 2023 and 3 in 2024.

This leverage ratio includes cash and cash equivalents, short-term and long-term investments, and accounts receivable and excludes convertible debentures.

These preliminary estimates, as explained by Azul, exclude non-recurring events and additional impacts of the pandemic.

Azul Linhas Aéreas information

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