• News
  • Finance
  • Airline
  • Azul debt rises with Brazilian real depreciation

Azul debt rises with Brazilian real depreciation

Azul saw its long-term debt increase 17% to R3.29 billion ($839 million) due to the depreciation of the Brazilian real during the second quarter.

The 16% depreciation of the real versus the US dollar resulted in a R410 million increase in the Sao Paulo-based carrier's non-real denominated debt during the period, a quarterly financial filing shows.

Debt was up 29.5% at end June from R2.54 billion a year earlier.

Cash, cash equivalents and short-term investments at Azul increased 14.6% to R1.57 billion during the second quarter. Cash was up 29.5% year-over-year.

Azul took delivery of one Airbus A320neo (MSN 8297) leased from GECAS in the quarter, Flight Fleets Analyzer shows.

Capital expenditures totalled R165 million during the second quarter.

Related Content
What's Happening Around "Azul"