Azul Azul S.A. reported earnings and operating results for the fourth quarter of 2017. For the quarter, the company reported its passenger traffic (RPKs) grew 12.7% on a capacity increase of 10.2% resulting in a load factor of 82.7%, 1.9 percentage points higher than in fourth quarter of 2016. Total revenue per ASK (RASK) increased 9.4% to 33.73 cents year over year even with a double-digit growth in capacity.