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Brazil’s Azul narrows losses in Q4
Brazil’s Azul reported a net loss of $56.6 million for the fourth quarter, its best quarterly performance so far since the beginning of the pandemic.
It said domestic capacity was 91% of pre=pandemic levels and revenue doubled compared with the previous quarter. Still, revenue is only about half compared to before the pandemic. It lost a total of $1.92 billion in 2020.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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