Azul is one of the largest airlines in Brazil, operating in passenger and cargo air transport. Its business model is based on a comprehensive and diversified air network, which connects the country through its three main hubs — Campinas, Belo Horizonte and Recife — to a wide range of destinations, many of them served exclusively by the company. The company operates a flexible and varied fleet, using aircraft of different sizes to adapt capacity to the demand of each route, making it possible to operate in smaller regional markets. In addition to passenger transport, Azul has complementary business units that benefit from its network, such as the cargo logistics division (Azul Cargo Express), the loyalty program (TudoAzul) and the tour package operator (Azul Viagens).
How many years of EBITDA are required to pay off the company's net debt considering the lease agreements, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
...and much more!