Azul targets net debt/EBITDA below 1.5x by 2029 under deleveraging plan

Azul laid out a long-term plan built around disciplined capacity allocation, tighter return thresholds, and partnership-led network expansion.

• Fleet strategy targets a widebody transition, lower lease liabilities, elimination of ACMI exposure, and reduced capex via lessor contributions.
• Operational plan prioritizes reliability, fewer cancellations, improved on-time performance, and consistent airport and onboard service delivery.
• Commercial focus shifts toward higher-yield demand, corporate accounts, and premium products, supported by a growing co-branded credit card base.
• Financial goals call for preserving liquidity, boosting free cash flow, optimizing capital structure, and cutting net debt-to-EBITDA below 1.5x by 2029.