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Azul Cargo now delivers to more than one thousand cities in all 26 Brazilian states within 48h

Azul Cargo now delivers to more than one thousand cities in all 26 Brazilian states within 48h
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Azul S A (AZUL) Q1 2021 Earnings Call Transcript

Operator Hello, everyone, and welcome to Azul s First Quarter 2021 Results Conference Call. My name is Beatriz, and I ll be your operator for today. [Operator Instructions] I would like to turn the presentation over to Thais Haberli, Investor Relations Manager. Please proceed. Thais Haberli Thank you, Beatriz, and welcome all to Azul s first quarter earnings call. The results that we announced this morning, the audio of this call and the slides that we ll reference are available on our IR website. Presenting today will be David Neeleman, Azul s Founder and Chairman; and John Rodgerson, CEO. Alex Malfitani, our CFO; and Abhi Shah, our Chief Revenue Officer, are also here for the Q&A session.

Azul Rides Pandemic to Brazil Market Leadership

 - May 7, 2021, 11:20 AM Brazil’s Azul Linhas Aereas has posted two consecutive quarters of positive earnings and recovered to “109 percent” of its domestic capacity compared with the first quarter of 2019, according to the airline. Azul has leveraged its advantages it operates the most domestic routes of any Brazilian airline and a heterogeneous fleet that lets it match capacity to demand to move in the tumult of the pandemic ahead of rivals Gol and TAM with a 37.89 percent market share for the quarter. Serving more destinations also stands as a key advantage for Azul Cargo, where revenue grew 62.8 percent compared with the same period in 2020. Azul has long laid claim to being Brazil’s largest airline in destinations served and operations performed, but its mixed fleet of regional and small narrowbody aircraft meant it carried fewer passengers. With the closure of its purchase of TWOFlex in May of last year, Azul added routes and 24 Caravans to its existing fleet of Emb

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