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Brazilian airline Azul's losses deepen in Q3

reuters.com · 11/11/2021 06:19
Brazilian airline Azul's losses deepen in Q3

- Brazilian airline Azul SA AZUL4.SA, AZUL reported on Thursday a third-quarter net loss of 2.24 billion reais ($407.72 million), compared with a net loss of 1.2 billion reais a year earlier, dragged down mainly by higher expenses on loans and leases.

Still, the company said its earnings before interest, taxes, depreciation and amortization (EBITDA) totaled 485.6 million reais in the third quarter, up from 198 million reais in the same period of 2020.

($1 = 5.4939 reais)

(Reporting by Gabriel Araujo; Editing by Susan Fenton)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))