English

AZUL SA

EDGAR

AZUL Report (type unavailable) · filed 2026-10-07

Annual consolidated revenue for 2025: about BRL 21.64B, using the latest reported figures. The previous period, 2024, was about BRL 19.53B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

2.21 billion Unit1

2018 Q1 · Unit1

Exact inputs and evidence

Revenue: 2213400000 Unit1 Source

Operating margin

12.46%

2018 Q1 · %

Exact inputs and evidence

Operating Income: 275900000 Unit1 Source
Revenue: 2213400000 Unit1 Source

Operating cash flow

-121 million Unit1

2018 Q1 · Unit1

Exact inputs and evidence

Operating Cash Flow: -121200000 Unit1 Source

Free cash flow

-349 million Unit1

2018 Q1 · Unit1

Exact inputs and evidence

Operating Cash Flow: -121200000 Unit1 Source
Capital Expenditure: 227600000 Unit1 Source

Cash and cash equivalents: 992 million BRL 2025-12-31 Source
Exact value

991644000 BRL
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-07.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 10 of 11 periods available· newest 2025-12-31
Operating income: 10 of 11 periods available· newest 2025-12-31
net income: No compatible figures in this window
Operating cash flow: 10 of 11 periods available· newest 2025-12-31
Capital expenditure: 10 of 11 periods available· newest 2025-12-31
Total assets: 9 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 9 of 11 periods available· newest 2025-12-31
Current liabilities: 9 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+10.8%

Prior period

BRL 19.53 billion

2024-01-01 – 2024-12-31
Current period

BRL 21.64 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

21640393000 − 19526208000 = 2114185000 BRL

19526208000 BRL · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
21640393000 BRL · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · AZUL SA · 2025-12-31 AZUL SA (edgar:1432364) Year-over-year change in Revenue: 2114185000 BRL Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 21640393000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#6720773 Filing: 000162828026023423 Input fundies:Revenue: 19526208000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#6721444 Filing: 000162828026023423
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-144.2%

Prior period

BRL 2.79 billion

2024-01-01 – 2024-12-31
Current period

−BRL 1.23 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

-1232522000 − 2787024000 = -4019546000 BRL

2787024000 BRL · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-1232522000 BRL · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · AZUL SA · 2025-12-31 AZUL SA (edgar:1432364) Year-over-year change in Operating cash flow: -4019546000 BRL Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -1232522000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3965420 Filing: 000162828026023423 Input fundies:OperatingCashFlow: 2787024000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3966092 Filing: 000162828026023423
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-70.9%

Prior period

BRL 681.33 million

2024-01-01 – 2024-12-31
Current period

BRL 198.42 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

198415000 − 681329000 = -482914000 BRL

681329000 BRL · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
198415000 BRL · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · AZUL SA · 2025-12-31 AZUL SA (edgar:1432364) Year-over-year change in Capital expenditure: -482914000 BRL Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 198415000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3980504 Filing: 000162828026023423 Input fundies:CapitalExpenditure: 681329000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3981116 Filing: 000162828026023423
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue BRL 21.64 billion 100% of revenue
Operating costs Derived BRL 17.32 billion 80% of revenue
Operating income BRL 4.32 billion 20% of revenue
Tax, interest and other Derived Unavailable An input is unavailable.
Net income Unavailable An input is unavailable.

Cash

Operating cash flow −BRL 1.23 billion −5.7% of revenue
Capital expenditure BRL 198.42 million 0.9% of revenue
Free cash flow Derived −BRL 1.43 billion −6.6% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.
2021 Not shown: operating income or net income is not reported.
2022 Not shown: operating income or net income is not reported.
2023 Not shown: operating income or net income is not reported.
2024 Not shown: operating income or net income is not reported.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	6669891000	6325605000 Derived	344286000	Unavailable	Unavailable	-331830000 Derived	Source 2016-01-01 – 2016-12-31: 6669891000 BRL Inspect Revenue Open source 2016-01-01 – 2016-12-31: 344286000 BRL Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 53972000 BRL Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 385802000 BRL Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	7704831000	6462039000 Derived	1242792000	Unavailable	Unavailable	319212000 Derived	Source 2017-01-01 – 2017-12-31: 7704831000 BRL Inspect Revenue Open source 2017-01-01 – 2017-12-31: 1242792000 BRL Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 1014244000 BRL Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 695032000 BRL Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	9057064000	7863440000 Derived	1193624000	Unavailable	Unavailable	678461000 Derived	Source 2018-01-01 – 2018-12-31: 9057064000 BRL Inspect Revenue Open source 2018-01-01 – 2018-12-31: 1193624000 BRL Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 1764903000 BRL Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 1086442000 BRL Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	11442317000	12637717000 Derived	-1195400000	Unavailable	Unavailable	1166672000 Derived	Source 2019-01-01 – 2019-12-31: 11442317000 BRL Inspect Revenue Open source 2019-01-01 – 2019-12-31: -1195400000 BRL Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 2594637000 BRL Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 1427965000 BRL Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	5744126000	7143207000 Derived	-1399081000	Unavailable	Unavailable	633157000 Derived	Source 2020-01-01 – 2020-12-31: 5744126000 BRL Inspect Revenue Open source 2020-01-01 – 2020-12-31: -1399081000 BRL Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 976230000 BRL Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 343073000 BRL Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	9975729000	9920934000 Derived	54795000	Unavailable	Unavailable	-934902000 Derived	Source 2021-01-01 – 2021-12-31: 9975729000 BRL Inspect Revenue Open source 2021-01-01 – 2021-12-31: 54795000 BRL Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -310616000 BRL Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 624286000 BRL Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	15948067000	14518512000 Derived	1429555000	Unavailable	Unavailable	1813076000 Derived	Source 2022-01-01 – 2022-12-31: 15948067000 BRL Inspect Revenue Open source 2022-01-01 – 2022-12-31: 1429555000 BRL Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 2437315000 BRL Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 624239000 BRL Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	18554425000	16893331000 Derived	1661094000	Unavailable	Unavailable	2975337000 Derived	Source 2023-01-01 – 2023-12-31: 18554425000 BRL Inspect Revenue Open source 2023-01-01 – 2023-12-31: 1661094000 BRL Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 3439691000 BRL Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 464354000 BRL Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	19526208000	16135576000 Derived	3390632000	Unavailable	Unavailable	2105695000 Derived	Source 2024-01-01 – 2024-12-31: 19526208000 BRL Inspect Revenue Open source 2024-01-01 – 2024-12-31: 3390632000 BRL Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 2787024000 BRL Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 681329000 BRL Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	21640393000	17318923000 Derived	4321470000	Unavailable	Unavailable	-1430937000 Derived	Source 2025-01-01 – 2025-12-31: 21640393000 BRL Inspect Revenue Open source 2025-01-01 – 2025-12-31: 4321470000 BRL Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -1232522000 BRL Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 198415000 BRL Inspect Capital Expenditure Open source

Amounts are exact, in BRL.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

BRL 21.6B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(BRL)	Source evidence
20162016-12-31	Revenue	6669891000	Revenue: 6669891000 Open source
20172017-12-31	Revenue	7704831000	Revenue: 7704831000 Open source
20182018-12-31	Revenue	9057064000	Revenue: 9057064000 Open source
20192019-12-31	Revenue	11442317000	Revenue: 11442317000 Open source
20202020-12-31	Revenue	5744126000	Revenue: 5744126000 Open source
20212021-12-31	Revenue	9975729000	Revenue: 9975729000 Open source
20222022-12-31	Revenue	15948067000	Revenue: 15948067000 Open source
20232023-12-31	Revenue	18554425000	Revenue: 18554425000 Open source
20242024-12-31	Revenue	19526208000	Revenue: 19526208000 Open source
20252025-12-31	Revenue	21640393000	Revenue: 21640393000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

10.8% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	No prior comparable period	Revenue: 6669891000 Open source
20172017-12-31	Year over year	15.5%	Revenue: 7704831000 Open source Revenue: 6669891000 Open source
20182018-12-31	Year over year	17.6%	Revenue: 9057064000 Open source Revenue: 7704831000 Open source
20192019-12-31	Year over year	26.3%	Revenue: 11442317000 Open source Revenue: 9057064000 Open source
20202020-12-31	Year over year	-49.8%	Revenue: 5744126000 Open source Revenue: 11442317000 Open source
20212021-12-31	Year over year	73.7%	Revenue: 9975729000 Open source Revenue: 5744126000 Open source
20222022-12-31	Year over year	59.9%	Revenue: 15948067000 Open source Revenue: 9975729000 Open source
20232023-12-31	Year over year	16.3%	Revenue: 18554425000 Open source Revenue: 15948067000 Open source
20242024-12-31	Year over year	5.2%	Revenue: 19526208000 Open source Revenue: 18554425000 Open source
20252025-12-31	Year over year	10.8%	Revenue: 21640393000 Open source Revenue: 19526208000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 20% 2025

Free cash flow margin -6.6% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	5.2%	Operating Income: 344286000 Open source Revenue: 6669891000 Open source
20172017-12-31	Operating margin	16.1%	Operating Income: 1242792000 Open source Revenue: 7704831000 Open source
20182018-12-31	Operating margin	13.2%	Operating Income: 1193624000 Open source Revenue: 9057064000 Open source
20192019-12-31	Operating margin	-10.4%	Operating Income: -1195400000 Open source Revenue: 11442317000 Open source
20202020-12-31	Operating margin	-24.4%	Operating Income: -1399081000 Open source Revenue: 5744126000 Open source
20212021-12-31	Operating margin	0.5%	Operating Income: 54795000 Open source Revenue: 9975729000 Open source
20222022-12-31	Operating margin	9%	Operating Income: 1429555000 Open source Revenue: 15948067000 Open source
20232023-12-31	Operating margin	9%	Operating Income: 1661094000 Open source Revenue: 18554425000 Open source
20242024-12-31	Operating margin	17.4%	Operating Income: 3390632000 Open source Revenue: 19526208000 Open source
20252025-12-31	Operating margin	20%	Operating Income: 4321470000 Open source Revenue: 21640393000 Open source
2016-12-31	Net margin	Not reported	Revenue: 6669891000 Open source
2017-12-31	Net margin	Not reported	Revenue: 7704831000 Open source
2018-12-31	Net margin	Not reported	Revenue: 9057064000 Open source
2019-12-31	Net margin	Not reported	Revenue: 11442317000 Open source
2020-12-31	Net margin	Not reported	Revenue: 5744126000 Open source
2021-12-31	Net margin	Not reported	Revenue: 9975729000 Open source
2022-12-31	Net margin	Not reported	Revenue: 15948067000 Open source
2023-12-31	Net margin	Not reported	Revenue: 18554425000 Open source
2024-12-31	Net margin	Not reported	Revenue: 19526208000 Open source
2025-12-31	Net margin	Not reported	Revenue: 21640393000 Open source
20162016-12-31	Free cash flow margin	-5%	Revenue: 6669891000 Open source Operating Cash Flow: 53972000 Open source Capital Expenditure: 385802000 Open source
20172017-12-31	Free cash flow margin	4.1%	Revenue: 7704831000 Open source Operating Cash Flow: 1014244000 Open source Capital Expenditure: 695032000 Open source
20182018-12-31	Free cash flow margin	7.5%	Revenue: 9057064000 Open source Operating Cash Flow: 1764903000 Open source Capital Expenditure: 1086442000 Open source
20192019-12-31	Free cash flow margin	10.2%	Revenue: 11442317000 Open source Operating Cash Flow: 2594637000 Open source Capital Expenditure: 1427965000 Open source
20202020-12-31	Free cash flow margin	11%	Revenue: 5744126000 Open source Operating Cash Flow: 976230000 Open source Capital Expenditure: 343073000 Open source
20212021-12-31	Free cash flow margin	-9.4%	Revenue: 9975729000 Open source Operating Cash Flow: -310616000 Open source Capital Expenditure: 624286000 Open source
20222022-12-31	Free cash flow margin	11.4%	Revenue: 15948067000 Open source Operating Cash Flow: 2437315000 Open source Capital Expenditure: 624239000 Open source
20232023-12-31	Free cash flow margin	16%	Revenue: 18554425000 Open source Operating Cash Flow: 3439691000 Open source Capital Expenditure: 464354000 Open source
20242024-12-31	Free cash flow margin	10.8%	Revenue: 19526208000 Open source Operating Cash Flow: 2787024000 Open source Capital Expenditure: 681329000 Open source
20252025-12-31	Free cash flow margin	-6.6%	Revenue: 21640393000 Open source Operating Cash Flow: -1232522000 Open source Capital Expenditure: 198415000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

BRL -1.2B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(BRL)	Source evidence
20162016-12-31	Operating cash flow	53972000	Operating Cash Flow: 53972000 Open source
20172017-12-31	Operating cash flow	1014244000	Operating Cash Flow: 1014244000 Open source
20182018-12-31	Operating cash flow	1764903000	Operating Cash Flow: 1764903000 Open source
20192019-12-31	Operating cash flow	2594637000	Operating Cash Flow: 2594637000 Open source
20202020-12-31	Operating cash flow	976230000	Operating Cash Flow: 976230000 Open source
20212021-12-31	Operating cash flow	-310616000	Operating Cash Flow: -310616000 Open source
20222022-12-31	Operating cash flow	2437315000	Operating Cash Flow: 2437315000 Open source
20232023-12-31	Operating cash flow	3439691000	Operating Cash Flow: 3439691000 Open source
20242024-12-31	Operating cash flow	2787024000	Operating Cash Flow: 2787024000 Open source
20252025-12-31	Operating cash flow	-1232522000	Operating Cash Flow: -1232522000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

BRL -1.4B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(BRL)	Source evidence
20162016-12-31	Free cash flow	-331830000	Operating Cash Flow: 53972000 Open source Capital Expenditure: 385802000 Open source
20172017-12-31	Free cash flow	319212000	Operating Cash Flow: 1014244000 Open source Capital Expenditure: 695032000 Open source
20182018-12-31	Free cash flow	678461000	Operating Cash Flow: 1764903000 Open source Capital Expenditure: 1086442000 Open source
20192019-12-31	Free cash flow	1166672000	Operating Cash Flow: 2594637000 Open source Capital Expenditure: 1427965000 Open source
20202020-12-31	Free cash flow	633157000	Operating Cash Flow: 976230000 Open source Capital Expenditure: 343073000 Open source
20212021-12-31	Free cash flow	-934902000	Operating Cash Flow: -310616000 Open source Capital Expenditure: 624286000 Open source
20222022-12-31	Free cash flow	1813076000	Operating Cash Flow: 2437315000 Open source Capital Expenditure: 624239000 Open source
20232023-12-31	Free cash flow	2975337000	Operating Cash Flow: 3439691000 Open source Capital Expenditure: 464354000 Open source
20242024-12-31	Free cash flow	2105695000	Operating Cash Flow: 2787024000 Open source Capital Expenditure: 681329000 Open source
20252025-12-31	Free cash flow	-1430937000	Operating Cash Flow: -1232522000 Open source Capital Expenditure: 198415000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	No source recorded
2017-12-31	Liabilities / assets	Not reported	Total Assets: 13917116000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 16094398000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 19197490000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 15794457000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 18533473000 Open source
2022-12-31	Liabilities / assets	Not reported	Total Assets: 18721293000 Open source
2023-12-31	Liabilities / assets	Not reported	Total Assets: 20532909000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 26274943000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 23637914000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.21× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Current assets / current liabilities	Not reported	No source recorded
20172017-12-31	Current assets / current liabilities	0.84×	Current Assets: 3464675000 Open source Current Liabilities: 4118137000 Open source
20182018-12-31	Current assets / current liabilities	0.7×	Current Assets: 3690194000 Open source Current Liabilities: 5275918000 Open source
20192019-12-31	Current assets / current liabilities	0.6×	Current Assets: 4138731000 Open source Current Liabilities: 6862020000 Open source
20202020-12-31	Current assets / current liabilities	0.53×	Current Assets: 5417423000 Open source Current Liabilities: 10212631000 Open source
20212021-12-31	Current assets / current liabilities	0.5×	Current Assets: 5846336000 Open source Current Liabilities: 11710253000 Open source
20222022-12-31	Current assets / current liabilities	0.32×	Current Assets: 4871936000 Open source Current Liabilities: 15056105000 Open source
20232023-12-31	Current assets / current liabilities	0.34×	Current Assets: 5044147000 Open source Current Liabilities: 14748880000 Open source
20242024-12-31	Current assets / current liabilities	0.27×	Current Assets: 5658020000 Open source Current Liabilities: 21342297000 Open source
20252025-12-31	Current assets / current liabilities	0.21×	Current Assets: 6303526000 Open source Current Liabilities: 29473151000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	Unavailable Not reported for this period.	BRL 53.97 million Exact value Exact value: 53972000 BRL 2016-01-01 – 2016-12-31: 53972000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2016-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 53972000 BRL Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 53972000 BRL (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312519129160/azul-20181231.xml#2992450 Filing: 000119312519129160 The citation records this snapshot. The page link may show a newer release later.	BRL 385.8 million Exact value Exact value: 385802000 BRL 2016-01-01 – 2016-12-31: 385802000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2016-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 385802000 BRL Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 385802000 BRL (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312519129160/azul-20181231.xml#3004636 Filing: 000119312519129160 The citation records this snapshot. The page link may show a newer release later.	−BRL 331.83 million Calculation and evidence 53972000 − 385802000 BRL Exact free cash flow: -331830000 BRL 2016-01-01 – 2016-12-31: 53972000 BRL · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 385802000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2016-12-31 AZUL SA (edgar:1432364) Free cash flow: -331830000 BRL Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 53972000 BRL (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312519129160/azul-20181231.xml#2992450 Filing: 000119312519129160 Input fundies:CapitalExpenditure: 385802000 BRL (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312519129160/azul-20181231.xml#3004636 Filing: 000119312519129160 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	Unavailable Not reported for this period.	BRL 1.01 billion Exact value Exact value: 1014244000 BRL 2017-01-01 – 2017-12-31: 1014244000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2017-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 1014244000 BRL Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 1014244000 BRL (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312520128789/azul-20191231.xml#5528490 Filing: 000119312520128789 The citation records this snapshot. The page link may show a newer release later.	BRL 695.03 million Exact value Exact value: 695032000 BRL 2017-01-01 – 2017-12-31: 695032000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2017-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 695032000 BRL Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 695032000 BRL (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312520128789/azul-20191231.xml#5532826 Filing: 000119312520128789 The citation records this snapshot. The page link may show a newer release later.	BRL 319.21 million Calculation and evidence 1014244000 − 695032000 BRL Exact free cash flow: 319212000 BRL 2017-01-01 – 2017-12-31: 1014244000 BRL · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 695032000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2017-12-31 AZUL SA (edgar:1432364) Free cash flow: 319212000 BRL Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1014244000 BRL (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312520128789/azul-20191231.xml#5528490 Filing: 000119312520128789 Input fundies:CapitalExpenditure: 695032000 BRL (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000119312520128789/azul-20191231.xml#5532826 Filing: 000119312520128789 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	Unavailable Not reported for this period.	BRL 1.76 billion Exact value Exact value: 1764903000 BRL 2018-01-01 – 2018-12-31: 1764903000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2018-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 1764903000 BRL Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 1764903000 BRL (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828021008429/azul-20201231.htm#3649782 Filing: 000162828021008429 The citation records this snapshot. The page link may show a newer release later.	BRL 1.09 billion Exact value Exact value: 1086442000 BRL 2018-01-01 – 2018-12-31: 1086442000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2018-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 1086442000 BRL Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 1086442000 BRL (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828021008429/azul-20201231.htm#3677330 Filing: 000162828021008429 The citation records this snapshot. The page link may show a newer release later.	BRL 678.46 million Calculation and evidence 1764903000 − 1086442000 BRL Exact free cash flow: 678461000 BRL 2018-01-01 – 2018-12-31: 1764903000 BRL · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 1086442000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2018-12-31 AZUL SA (edgar:1432364) Free cash flow: 678461000 BRL Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1764903000 BRL (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828021008429/azul-20201231.htm#3649782 Filing: 000162828021008429 Input fundies:CapitalExpenditure: 1086442000 BRL (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828021008429/azul-20201231.htm#3677330 Filing: 000162828021008429 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	Unavailable Not reported for this period.	BRL 2.59 billion Exact value Exact value: 2594637000 BRL 2019-01-01 – 2019-12-31: 2594637000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2019-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 2594637000 BRL Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 2594637000 BRL (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828022011577/azul-20211231.htm#3383341 Filing: 000162828022011577 The citation records this snapshot. The page link may show a newer release later.	BRL 1.43 billion Exact value Exact value: 1427965000 BRL 2019-01-01 – 2019-12-31: 1427965000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2019-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 1427965000 BRL Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 1427965000 BRL (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828022011577/azul-20211231.htm#3407720 Filing: 000162828022011577 The citation records this snapshot. The page link may show a newer release later.	BRL 1.17 billion Calculation and evidence 2594637000 − 1427965000 BRL Exact free cash flow: 1166672000 BRL 2019-01-01 – 2019-12-31: 2594637000 BRL · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 1427965000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2019-12-31 AZUL SA (edgar:1432364) Free cash flow: 1166672000 BRL Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2594637000 BRL (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828022011577/azul-20211231.htm#3383341 Filing: 000162828022011577 Input fundies:CapitalExpenditure: 1427965000 BRL (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828022011577/azul-20211231.htm#3407720 Filing: 000162828022011577 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	Unavailable Not reported for this period.	BRL 976.23 million Exact value Exact value: 976230000 BRL 2020-01-01 – 2020-12-31: 976230000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2020-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 976230000 BRL Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 976230000 BRL (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828023012117/azul-20221231.htm#3954274 Filing: 000162828023012117 The citation records this snapshot. The page link may show a newer release later.	BRL 343.07 million Exact value Exact value: 343073000 BRL 2020-01-01 – 2020-12-31: 343073000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2020-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 343073000 BRL Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 343073000 BRL (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828023012117/azul-20221231.htm#3982209 Filing: 000162828023012117 The citation records this snapshot. The page link may show a newer release later.	BRL 633.16 million Calculation and evidence 976230000 − 343073000 BRL Exact free cash flow: 633157000 BRL 2020-01-01 – 2020-12-31: 976230000 BRL · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 343073000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2020-12-31 AZUL SA (edgar:1432364) Free cash flow: 633157000 BRL Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 976230000 BRL (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828023012117/azul-20221231.htm#3954274 Filing: 000162828023012117 Input fundies:CapitalExpenditure: 343073000 BRL (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828023012117/azul-20221231.htm#3982209 Filing: 000162828023012117 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	Unavailable Not reported for this period.	−BRL 310.62 million Exact value Exact value: -310616000 BRL 2021-01-01 – 2021-12-31: -310616000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2021-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: -310616000 BRL Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: -310616000 BRL (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828024025062/azul-20231231.htm#1130240 Filing: 000162828024025062 The citation records this snapshot. The page link may show a newer release later.	BRL 624.29 million Exact value Exact value: 624286000 BRL 2021-01-01 – 2021-12-31: 624286000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2021-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 624286000 BRL Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 624286000 BRL (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828024025062/azul-20231231.htm#1147968 Filing: 000162828024025062 The citation records this snapshot. The page link may show a newer release later.	−BRL 934.9 million Calculation and evidence -310616000 − 624286000 BRL Exact free cash flow: -934902000 BRL 2021-01-01 – 2021-12-31: -310616000 BRL · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 624286000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2021-12-31 AZUL SA (edgar:1432364) Free cash flow: -934902000 BRL Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -310616000 BRL (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828024025062/azul-20231231.htm#1130240 Filing: 000162828024025062 Input fundies:CapitalExpenditure: 624286000 BRL (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828024025062/azul-20231231.htm#1147968 Filing: 000162828024025062 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	Unavailable Not reported for this period.	BRL 2.44 billion Exact value Exact value: 2437315000 BRL 2022-01-01 – 2022-12-31: 2437315000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2022-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 2437315000 BRL Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 2437315000 BRL (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828025020401/azul-20241231.htm#4009255 Filing: 000162828025020401 The citation records this snapshot. The page link may show a newer release later.	BRL 624.24 million Exact value Exact value: 624239000 BRL 2022-01-01 – 2022-12-31: 624239000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2022-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 624239000 BRL Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 624239000 BRL (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828025020401/azul-20241231.htm#4024250 Filing: 000162828025020401 The citation records this snapshot. The page link may show a newer release later.	BRL 1.81 billion Calculation and evidence 2437315000 − 624239000 BRL Exact free cash flow: 1813076000 BRL 2022-01-01 – 2022-12-31: 2437315000 BRL · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 624239000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2022-12-31 AZUL SA (edgar:1432364) Free cash flow: 1813076000 BRL Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2437315000 BRL (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828025020401/azul-20241231.htm#4009255 Filing: 000162828025020401 Input fundies:CapitalExpenditure: 624239000 BRL (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828025020401/azul-20241231.htm#4024250 Filing: 000162828025020401 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	Unavailable Not reported for this period.	BRL 3.44 billion Exact value Exact value: 3439691000 BRL 2023-01-01 – 2023-12-31: 3439691000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2023-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 3439691000 BRL Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 3439691000 BRL (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3966760 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.	BRL 464.35 million Exact value Exact value: 464354000 BRL 2023-01-01 – 2023-12-31: 464354000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2023-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 464354000 BRL Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 464354000 BRL (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3981728 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.	BRL 2.98 billion Calculation and evidence 3439691000 − 464354000 BRL Exact free cash flow: 2975337000 BRL 2023-01-01 – 2023-12-31: 3439691000 BRL · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 464354000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2023-12-31 AZUL SA (edgar:1432364) Free cash flow: 2975337000 BRL Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3439691000 BRL (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3966760 Filing: 000162828026023423 Input fundies:CapitalExpenditure: 464354000 BRL (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3981728 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	Unavailable Not reported for this period.	BRL 2.79 billion Exact value Exact value: 2787024000 BRL 2024-01-01 – 2024-12-31: 2787024000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2024-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: 2787024000 BRL Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: 2787024000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3966092 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.	BRL 681.33 million Exact value Exact value: 681329000 BRL 2024-01-01 – 2024-12-31: 681329000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2024-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 681329000 BRL Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 681329000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3981116 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.	BRL 2.11 billion Calculation and evidence 2787024000 − 681329000 BRL Exact free cash flow: 2105695000 BRL 2024-01-01 – 2024-12-31: 2787024000 BRL · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 681329000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2024-12-31 AZUL SA (edgar:1432364) Free cash flow: 2105695000 BRL Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2787024000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3966092 Filing: 000162828026023423 Input fundies:CapitalExpenditure: 681329000 BRL (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3981116 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	Unavailable Not reported for this period.	−BRL 1.23 billion Exact value Exact value: -1232522000 BRL 2025-01-01 – 2025-12-31: -1232522000 BRL Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AZUL SA · 2025-12-31 AZUL SA (edgar:1432364) Operating Cash Flow: -1232522000 BRL Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=BRL&dimensions= Input fundies:OperatingCashFlow: -1232522000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3965420 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.	BRL 198.42 million Exact value Exact value: 198415000 BRL 2025-01-01 – 2025-12-31: 198415000 BRL Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AZUL SA · 2025-12-31 AZUL SA (edgar:1432364) Capital Expenditure: 198415000 BRL Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=BRL&dimensions= Input fundies:CapitalExpenditure: 198415000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3980504 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.	−BRL 1.43 billion Calculation and evidence -1232522000 − 198415000 BRL Exact free cash flow: -1430937000 BRL 2025-01-01 – 2025-12-31: -1232522000 BRL · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 198415000 BRL · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AZUL SA · 2025-12-31 AZUL SA (edgar:1432364) Free cash flow: -1430937000 BRL Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:57:22Z Snapshot: a38ba1d8192e9e093f85826d43ad26922ea03dfb74b7959dff5121bb552016a7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1432364?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1232522000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3965420 Filing: 000162828026023423 Input fundies:CapitalExpenditure: 198415000 BRL (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1432364/000162828026023423/azul-20251231.htm#3980504 Filing: 000162828026023423 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

351 filings · 652 latest values · 652 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001432364, 1432364, AZUL, AZUXY, edgar:1432364

Also known as AZUL SA, SALEB II PARTICIPACOES SA

AZUL SA

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Company performance

What changed year over year

Revenue

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation