# Azul SA: overview AZUL · NYSE · CIK 1432364 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/azul.md) · [Financials](/companies/azul/financials.md) · [Filings](/companies/azul/filings.md) · [Insiders](/companies/azul/insiders.md) Revenue is not reported in this company’s XBRL financial statements. ## Last eight quarters Not reported. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $bn | [10.0](/filings/0001628280-24-025062.md) | [15.9](/filings/0001628280-25-020401.md) | [18.6](/filings/0001628280-26-023423.md) | [19.5](/filings/0001628280-26-023423.md) | [21.6](/filings/0001628280-26-023423.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [0.5%](/filings/0001628280-24-025062.md) | [9.0%](/filings/0001628280-25-020401.md) | [9.0%](/filings/0001628280-26-023423.md) | [17.4%](/filings/0001628280-26-023423.md) | [20.0%](/filings/0001628280-26-023423.md) | | Net margin | % | [(42.2%)](/filings/0001628280-24-025062.md) | [(4.5%)](/filings/0001628280-25-020401.md) | [(12.8%)](/filings/0001628280-26-023423.md) | [(46.9%)](/filings/0001628280-26-023423.md) | [0.6%](/filings/0001628280-26-023423.md) | | Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | | Free cash flow | $bn | [(0.9)](/filings/0001628280-24-025062.md) | [1.8](/filings/0001628280-25-020401.md) | [3.0](/filings/0001628280-26-023423.md) | [2.1](/filings/0001628280-26-023423.md) | [(1.4)](/filings/0001628280-26-023423.md) | - Revenue. XBRL Revenue: ifrs-full:Revenue. - Gross margin (gross profit / revenue). XBRL Revenue: ifrs-full:Revenue. - Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:Revenue. - Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLoss; Revenue: ifrs-full:Revenue. - Diluted EPS. XBRL not reported. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Capital expenditure: ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/azul/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [United Airlines Holdings, Inc.](/funds/100517.md) | 2026-06-30 | $143.1m | 15,919,380 | | New +15,919,380 | | [VR Advisory Services Ltd](/funds/1348145.md) | 2026-06-30 | $79.6m | 8,854,652 | | New +8,854,652 | | [WHITEBOX ADVISORS LLC](/funds/1257391.md) | 2026-06-30 | $75.2m | 8,362,136 | | New +8,362,136 | | [DSC Meridian Capital LP](/funds/1970572.md) | 2026-06-30 | $49.2m | 5,474,847 | | New +5,474,847 | | [READYSTATE ASSET MANAGEMENT LP](/funds/1900923.md) | 2026-06-30 | $18.9m | 2,098,940 | | New +2,098,940 | | [MIRABELLA FINANCIAL SERVICES LLP](/funds/1538853.md) | 2026-06-30 | $18.9m | 2,059,046 | | New +2,059,046 | | [PointState Capital LP](/funds/1509842.md) | 2026-06-30 | $16.7m | 1,855,834 | | New +1,855,834 | | [Knighthead Capital Management, LLC](/funds/1512397.md) | 2026-06-30 | $16.0m | 1,773,734 | | New +1,773,734 | | [BlackBarn Capital Partners LP](/funds/2010204.md) | 2026-06-30 | $15.1m | 1,684,188 | | New +1,684,188 | | [VIKING GLOBAL INVESTORS LP](/funds/1103804.md) | 2026-06-30 | $12.1m | 1,349,734 | | New +1,349,734 | ## Recent filings [All 496 filings](/companies/azul/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-26 | 16:30 ET | [SCHEDULE 13D](/filings/0001193125-26-431999.md) | Ownership report, active investor | 0001193125-26-431999 | | 2026-10-26 | 07:36 ET | [6-K](/filings/0001432364-26-000039.md) | Report of a foreign private issuer, period 2026-10-24 | 0001432364-26-000039 | | 2026-10-21 | 18:00 ET | [6-K](/filings/0001432364-26-000036.md) | Report of a foreign private issuer, period 2026-10-20 | 0001432364-26-000036 | | 2026-10-07 | 17:21 ET | [6-K](/filings/0001432364-26-000032.md) | Report of a foreign private issuer, period 2026-10-07 | 0001432364-26-000032 | | 2026-09-30 | 18:55 ET | [6-K](/filings/0001292814-26-004748.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-004748 | | 2026-08-14 | 06:07 ET | [6-K](/filings/0001292814-26-004246.md) | Report of a foreign private issuer, period 2026-06-30 | 0001292814-26-004246 | | 2026-07-10 | 18:10 ET | [6-K](/filings/0001432364-26-000020.md) | Report of a foreign private issuer, period 2026-07-09 | 0001432364-26-000020 | | 2026-07-06 | 07:32 ET | [6-K](/filings/0001432364-26-000018.md) | Report of a foreign private issuer, period 2026-07-06 | 0001432364-26-000018 | | 2026-07-01 | 19:55 ET | [6-K](/filings/0001432364-26-000015.md) | Report of a foreign private issuer, period 2026-06-30 | 0001432364-26-000015 | | 2026-06-09 | 06:01 ET | [6-K](/filings/0001292814-26-003373.md) | Report of a foreign private issuer, period 2026-03-31 | 0001292814-26-003373 | ## Latest annual report [Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-023423.md), filed Apr 3, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1432364 - Tickers: AZUL, AZUXY - Exchange: NYSE - SIC code: 4512 Air Transportation, Scheduled - State of incorporation: D5 - Filer category: Accelerated filer Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 17:18 ET. No prices; not investment advice.