AZUL SA
AZUL, AZLUY, AZUXY · Air Transportation, Scheduled · EDGAR filings ↗
Grade
C68gen composite 51pct→68
Notable findings
- No interest coverageInterest coverage 0.42 (cannot cover interest)
- Cash burnNegative free cash flow (-261.3M)
- Negative equityNegative book equity (debt/equity -0.79)
- Weak liquidityCurrent ratio 0.21 (<1)
Quarterly revenue
Last 2 quarters · from SEC filings.
Key metrics
Operating margin
20.0%
Net margin
0.6%
Return on equity
-0.4%
Return on assets
0.5%
Revenue growth (QoQ)
13.1%
Debt / equity
-0.8×
Net debt / EBITDA
3.0×
Interest coverage
0.4×
Current ratio
0.2×
Free cash flow
-$261M
EBITDA
$1.3B
Tangible book value
-$5.3B
Cash & investments
$181M
Cash runway
3q
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Rodgerson John Peter | CEO (see remarks) | — |
| Garcia Antonio Carlos | Chief Financial Officer | — |
| Goncalves da Cruz Andre | Technical Vice President | — |
| Grant James Jason | Member of Strategy Committee | — |
| Mariano Ricardo Luiz Temer | Controller | — |
| Marino Bicudo Daniel | Chief Commercial Officer | — |
| Shah Abhi Manoj | Chief Revenue Officer | — |
| Slattery John S. | Member of Strategic Committee | — |
| Tkacz Daniel | Chief Technical Officer | — |
| Zinman Jon | Member of Strategy Committee | — |
| NEELEMAN DAVID | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Goncalves da Cruz Andre | Grant | 255K | — |
| 2026-06-15 | Garcia Antonio Carlos | Grant | 726K | — |
| 2026-06-15 | NEELEMAN DAVID | Grant | 1.3M | — |
| 2026-06-15 | Zinman Jon | Grant | 981K | — |
| 2026-06-15 | Mariano Ricardo Luiz Temer | Grant | 98K | — |
| 2026-06-15 | Slattery John S. | Grant | 589K | — |
| 2026-06-15 | Grant James Jason | Grant | 981K | — |
| 2026-06-15 | Tkacz Daniel | Grant | 196K | — |
| 2026-06-15 | Shah Abhi Manoj | Grant | 1.4M | — |
| 2026-06-15 | Marino Bicudo Daniel | Grant | 196K | — |
| 2026-06-15 | Rodgerson John Peter | Grant | 2.5M | — |
| 2026-06-01 | NEELEMAN DAVID | Option exercise | 2.4M | — |
| 2026-06-01 | NEELEMAN DAVID | Option exercise | 37K | — |
| 2026-03-26 | NEELEMAN DAVID | Option exercise | 182.44B | — |
| 2026-03-26 | NEELEMAN DAVID | Gift | 182.44B | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-03 | 2025-12-31 | 0001628280-26-023423 ↗ |
| 20-F | 2025-04-29 | 2024-12-31 | 0001628280-25-020401 ↗ |
| 20-F | 2024-05-16 | 2023-12-31 | 0001628280-24-023656 ↗ |
| 20-F | 2023-04-20 | 2022-12-31 | 0001628280-23-012117 ↗ |
| 20-F | 2022-05-02 | 2021-12-31 | 0001628280-22-011577 ↗ |
| 20-F | 2021-04-30 | 2020-12-31 | 0001628280-21-008429 ↗ |
| 20-F | 2020-04-30 | 2019-12-31 | 0001193125-20-128789 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001193125-19-129160 ↗ |
| 20-F | 2018-04-27 | 2017-12-31 | 0001193125-18-137918 ↗ |