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Azul Past Earnings Performance
Past criteria checks 0/6
Azul has been growing earnings at an average annual rate of 20%, while the Airlines industry saw earnings growing at 58.8% annually. Revenues have been growing at an average rate of 23.4% per year.
Key information
19.98%
Earnings growth rate
21.51%
EPS growth rate
Airlines Industry Growth
0.48%
Revenue growth rate
23.42%
Return on equity
n/a
Net Margin
-5.57%
Next Earnings Update
14 Nov 2025
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Azul makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
DB:8AZA Revenue, expenses and earnings (BRL Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
30 Jun 25
21,012
-1,170
1,917
0
31 Mar 25
20,242
-6,447
1,809
0
31 Dec 24
19,526
-9,151
1,580
0
30 Sep 24
18,886
-4,792
1,467
0
30 Jun 24
18,673
-6,528
1,451
0
31 Mar 24
18,755
-2,694
1,367
0
31 Dec 23
18,554
-2,380
1,322
0
30 Sep 23
18,102
-1,222
1,281
0
30 Jun 23
17,563
-1,622
1,205
0
31 Mar 23
17,233
-4,126
1,160
0
31 Dec 22
15,948
-722
1,075
0
30 Sep 22
15,224
-2,221
970
0
30 Jun 22
13,565
-2,402
845
0
31 Mar 22
11,343
1,240
806
0
31 Dec 21
9,976
-4,213
754
0
30 Sep 21
7,981
-4,138
873
0
30 Jun 21
6,068
-3,168
941
0
31 Mar 21
4,767
-7,471
1,076
0
31 Dec 20
5,744
-10,835
1,215
0
30 Sep 20
7,261
-12,830
1,219
0
30 Jun 20
9,487
-12,155
1,683
0
31 Mar 20
11,703
-8,671
1,478
0
31 Dec 19
11,442
-2,403
1,271
0
30 Sep 19
10,646
167
1,036
0
30 Jun 19
10,031
670
407
0
31 Mar 19
9,407
-691
376
0
31 Dec 18
9,057
-636
369
0
30 Sep 18
8,796
-589
352
0
30 Jun 18
8,379
-338
333
0
31 Mar 18
8,108
646
324
0
31 Dec 17
7,705
425
310
0
30 Sep 17
7,416
277
298
0
30 Jun 17
7,154
82
283
0
31 Mar 17
6,875
-4
286
0
31 Dec 16
6,670
-126
276
0
31 Dec 15
6,258
-1,075
258
0
31 Dec 14
5,803
-65
239
0
30 Sep 14
5,649
-22
228
0
Quality Earnings: 8AZA is currently unprofitable.
Growing Profit Margin: 8AZA is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 8AZA is unprofitable, but has reduced losses over the past 5 years at a rate of 20% per year.
Accelerating Growth: Unable to compare 8AZA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 8AZA is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (11%).
Return on Equity
High ROE: 8AZA's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2025/08/25 22:47
End of Day Share Price
2025/05/28 00:00
Earnings
2025/06/30
Annual Earnings
2024/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Azul S.A. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst
Institution
Andre Ferreira
Bradesco S.A. Corretora de Títulos e Valores Mobiliários