Valuation • Azul

AZUL53

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).