Recap: Azul Q3 Earnings

Shares of Azul AZUL rose 6.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 215.62% over the past year to ($0.37), which beat the estimate of ($1.18).

Revenue of $149,684,000 decreased by 80.39% year over year, which missed the estimate of $171,580,000.

Outlook

Azul hasn't issued any earnings guidance for the time being.

Azul hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 16, 2020

Time: 10:00 AM

ET Webcast URL: https://webcastlite.mziq.com/cover.html?webcastId=64f2b1aa-c8ef-4652-bc69-a6fc197999ba

Price Action

52-week high: $44.55

52-week low: $5.30

Price action over last quarter: Up 36.55%

Company Profile

Azul SA is primarily involved in air transportation services. The company offers airline passenger and cargo services. It operates daily flights departing from Fort Lauderdale and Orlando also it schedules flights more than 100 destinations through Brazil. The main assets generating revenue of the group are its aircraft, from which revenue is generated in Brazil. Other revenues are basically derived from cargo operations, interest on installment sales, luggage fares, excess luggage, penalties for cancellation of tickets, and all items are directly attributed to air transport services.