Azul Azul S. A announced earnings results for the fourth quarter and full year of 2017. For the quarter, the company reported operating income was CLP 305.6 million, representing a margin of 13.9% compared to CLP 170.0 million and a margin of 9.3% in fourth quarter of 2016. This is a fourth quarter operating result for Azul and was achieved even with the 16.0% increase in fuel prices year over year. Net income totaled CLP 303.7 million, representing an improvement of CLP 252.4 million over fourth quarter of 2016. For the year, the company reported net income in 2017 came in at CLP 529.0 million, compared to a net loss of CLP 126.3 million the year before. Operating margin was 11.1% for the full year compared to 5.2% in 2016. EBITDAR increased 27.9% to CLP 674.2 million, representing a margin of 30.7%, making one of the most profitable carriers in South America. Total revenue per ASK (RASK) increased 9.4% to 33.73 cents year over year even with a double-digit growth in capacity.