Azul Performance

Azul Reports August 2019 Traffic

Azul S.A. (B3: AZUL4,NYSE: AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today its preliminary traffic results for August 2019.

Consolidated passenger traffic (RPKs) increased 26.4% compared to August 2018 on a capacity increase (ASKs) of 25.6%, resulting in a load factor of 83.0%, an increase of 0.6 percentage points compared to the same period in 2018. Domestic load factor was 82.6% and international load factor was 84.2%.

"Once again we grew capacity by double digits and increased our load factor, demonstrating a robust demand environment. We recently received our 31st A320neo and look forward to receiving our first Embraer E-2 in the coming weeks, both key drivers of margin expansion going forward", says John Rodgerson, Azul's CEO.

Aug-19

Aug-18

% ∆

YTD 19

YTD 18

% ∆

Total

RPK (million)

2,678

2,119

26.4%

19,309

16,046

20.3%

ASK (million)

3,228

2,571

25.6%

23,118

19,585

18.0%

Load factor

83.0%

82.4%

+0.6 p.p.

83.5%

81.9%

+1.6 p.p.

Domestic

RPK (million)

2,018

1,525

32.3%

14,646

11,713

25.0%

ASK (million)

2,444

1,879

30.1%

17,666

14,611

20.9%

Load factor

82.6%

81.2%

+1.4 p.p.

82.9%

80.2%

+2.7 p.p.

International

RPK (million)

660

594

11.2%

4,663

4,333

7.6%

ASK (million)

784

693

13.3%

5,452

4,975

9.6%

Load factor

84.2%

85.7%

-1.5 p.p.

85.5%

87.1%

-1.6 p.p.



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