AZULNYSEAir Transportation, ScheduledFiscal year ends December 31Also trades as AZUXY
AZUL SA
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 3, 2026
$6.48−0.07 (-1.07%)
Close on Oct 19, 2026
AZUL SA revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| Air transport | 21.28B BRL | 19.28B BRL | 18.37B BRL | – | – | – | – | – | 98.3% | +10.4% |
| Passenger revenue | 20.00B BRL | 18.13B BRL | 17.23B BRL | 15.02B BRL | 9.10B BRL | 5.20B BRL | 11.20B BRL | – | 92.4% | +10.3% |
| Other revenues | 1.78B BRL | 1.51B BRL | 1.49B BRL | 1.51B BRL | 1.30B BRL | 799.22M BRL | 604.30M BRL | – | 8.2% | +18.4% |
| Ancillary revenues | 357.45M BRL | 248.11M BRL | – | – | – | – | – | – | 1.7% | +44.1% |
| Loyalty program revenue | – | – | – | – | – | 508.98M BRL | 818.57M BRL | 597.99M BRL | – | – |
| Other revenue | – | – | – | – | – | 35.12M BRL | 49.99M BRL | 57.31M BRL | – | – |
| Cargo service | – | – | – | – | – | 764.11M BRL | 552.08M BRL | 373.42M BRL | – | – |
| Passenger service | – | – | – | – | – | 4.69B BRL | 10.38B BRL | 8.43B BRL | – | – |
| Other Income [Member] | – | 248.11M BRL | 179.73M BRL | – | – | – | – | – | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| Domestic revenue | 17.16B BRL | 16.08B BRL | 14.68B BRL | 13.01B BRL | 8.85B BRL | 4.76B BRL | 9.20B BRL | 7.38B BRL | 79.3% | +6.7% |
| Foreign revenue | 4.48B BRL | 3.44B BRL | 3.88B BRL | 2.93B BRL | 1.13B BRL | 984.87M BRL | 2.25B BRL | 1.67B BRL | 20.7% | +30.2% |
From the segment and revenue-disaggregation notes of AZUL's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.