Azul 3Q26 adjusted EBITDA falls 39% year over year to R$ 1.2 billion
AZUL•Azul’s third-quarter 2026 adjusted EBITDA fell 39% year over year to BRL 1.2 billion, while its adjusted net loss narrowed 92% to BRL 121.5 million. Revenue declined to BRL 5.64 billion as capacity dropped 7%.
1. Quarterly results
Azul reported third-quarter 2026 adjusted EBITDA of BRL 1.2 billion, down 39% year over year but more than double the second-quarter figure. Its adjusted net loss narrowed 92% year over year to BRL 121.5 million, while operating revenue declined to BRL 5.64 billion and capacity fell 7%.
2. Fuel financing
An October financing transaction of up to BRL 2 billion will fund domestic aviation fuel payments in the fourth quarter of 2026 and first quarter of 2027.
