Azul Linhas Aéreas Brasileiras reported its strongest quarter ever in Q4 2025 during its earnings call, coinciding with the completion of a comprehensive Chapter 11 restructuring in under nine months.
Financial highlights included revenue of BRL 5 billion, up 5% year-over-year, with a record revenue per available seat kilometer (RASK) of BRL 0.46. EBITDA reached BRL 2.1 billion, achieving a 36.9% margin, while EBIT stood at BRL 1.4 billion. These results positioned Azul with industry-leading profitability and the lowest unit costs in the region.
The restructuring process exceeded original targets, enabling a swift emergence from Chapter 11. This transformational outcome strengthened the airline’s balance sheet and operational efficiency, marking a pivotal milestone in its financial recovery.
Azul’s performance underscores its ability to deliver robust results amid restructuring, setting a foundation for sustained growth in the competitive Brazilian aviation market.