RIO DE JANEIRO, BRAZIL - Brazilian airline Azul reduced its losses by 53% from 10.422 billion reais (about US$2.051 billion) in 2020 to 4.767 billion (US$938.5 million) during the 2021 fiscal year. Regarding its annual revenues, the company revealed a 72% growth to 9.975 billion reais (about US$1.963 billion).
During the fourth quarter, Azul demonstrated the competitive and sustainable advantages of its business model by achieving "the highest revenues" in its history, it said. Thus, in the period, operating revenues reached a record 3.7 billion, more than double the 2020 quarter . . .
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