AZUL SA

Azul S.A. announced that American Airlines exercised all of its subscription warrants, comprising Series 1 and Series 4 warrants. This exercise, along with warrants exercised by other investors, resulted in a total capital increase of BRL 512,811,716.28 and the issuance of 32,271,326 common shares. Following these issuances, Azul has 400,829,250 common shares outstanding. As a consequence of American Airlines' investment, Mr. Jeff Ogar has joined the Board of Directors and Strategy Committee, succeeding Mr. John Peter Rodgerson, who remains CEO.

Azul S.A. has announced its strategic goals through 2029, focusing on deleveraging and value creation. The company aims to achieve a Net Debt / EBITDA ratio below 1.5x and increase its Market Value by 150% above current levels. These objectives are based on sustainable operational growth, EBITDA expansion, and disciplined capital allocation, aligning management incentives with corporate goals.

Azul S.A. announced its American Depositary Shares (ADSs) and common shares have been approved for listing on the New York Stock Exchange (NYSE). Concurrently, the company will voluntarily delist its ADSs from NYSE American LLC. The NYSE listing is expected to become effective on July 9, 2026, with trading under the ticker symbol "AZUL". This strategic move aims to enhance Azul's visibility within the global investment community and strengthen its position in international capital markets, while its common shares will continue to trade on B3 S.A.

Azul S.A. announced that its Board of Directors ratified the final number of Subscription Warrants – Series 4 to be issued. A total of 6,904,589 warrants will be issued following the exercise of preemptive rights by eligible shareholders. These warrants, trading under B3: AZUL19, are set to begin trading on July 2, 2026, and can be exercised until June 30, 2027.

Azul S.A. reported a significant increase in net profit for the first quarter of 2026, reaching R$6,020.4 million, a 264.1% rise year-over-year. Total revenue grew 1.4% to R$5,471.4 million, and operating profit increased by 32.2% to R$1,957.8 million. This performance follows the company's emergence from Chapter 11 proceedings on February 20, 2026, which led to a substantial reduction in total loans and financing from R$23,059.6 million to R$9,713.4 million. Key factors contributing to the improved results include a 14.7% decrease in aircraft fuel expenses and a 58.9% reduction in net cash used by operating activities.

Azul S.A. filed an F-1/A registration statement for the resale of up to 372,434,435 common shares, including in the form of ADSs, by various Selling Shareholders. These shares were issued in connection with a recent Equity Rights Offering, Warrants, and Exercised Stock Options, following the company's emergence from a Voluntary Reorganization. Azul will not receive any proceeds from these sales, which are being registered under a Registration Rights Agreement.

Azul S.A. announced that its common shares and American depositary shares (ADS) have been approved for listing on NYSE American LLC. Trading of the ADSs under the ticker symbol "AZUL" is expected to begin on June 1, 2026, at which point their quotation on OTC Markets will cease. The company's common shares will continue to trade on B3 S.A. in Brazil, and Azul anticipates uplisting to the New York Stock Exchange (NYSE) in early July 2026.

Azul S.A. reported a significant profit of R$6.02 billion for Q1 2026, a substantial increase from R$1.65 billion in Q1 2025, largely driven by the completion of its Chapter 11 financial reorganization. The company successfully emerged from the process on February 20, 2026, leading to a transformed capital structure, including a R$14.6 billion capital increase and the recognition of R$7.52 billion in deferred tax assets. Total revenue also saw a slight increase to R$5.47 billion, while net working capital improved significantly.

Azul S.A. announced changes to its Statutory Audit Committee following a Board of Directors meeting on May 5, 2026. Mr. James Jason Grant resigned as an Independent Member, and Mr. Sérgio Eraldo de Salles Pinto was appointed to fill the vacancy, with his term ending on May 2, 2027. Additionally, Mr. Pinto and Mr. Gilberto de Almeida Peralta were both recognized as audit committee financial experts.

Azul S.A. reported strong first-quarter 2026 results, with EBITDA reaching a record R$1.7 billion, a 22.6% increase year-over-year, and operating revenue growing 1.4% to R$5.5 billion. The company achieved record RASK and PRASK, while CASK decreased by 5.7% due to structural cost initiatives and lower fuel prices. Azul significantly strengthened its financial position, reducing total debt by R$14.0 billion and improving its leverage ratio to 2.4x following a successful financial restructuring. The company also generated R$216.9 million in recurring free cash flow.