Brazilian airline Azul on Thursday reported a narrower second-quarter loss, beating market expectations, and its shares jumped almost 9% as it provided its first updates after completing a broad restructuring plan earlier this year. Sao Paulo-traded shares of Brazil's largest airline in number of flights and cities served jumped as much as 8.9% after the report, making it one of the top gainers on Brazil's Bovespa stock index, as analysts voiced optismism about the company's future. The loss was less than the 1.49-real loss per share projected by analysts polled by Refinitiv, with earnings before interest taxes depreciation and amortization (EBITDA) also beating expectations at 1.15 billion reais ($237.34 million).
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Brazilian airline Azul
announced on Wednesday it is launching a public
offering of senior secured notes due 2028, fulfilling its pledge
to raise additional capital as it moves forward with a.
SAO PAULO (Reuters) - Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its.