Azul S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was BRL 4,478.3 million compared to BRL 3,193 million a year ago. Net loss was BRL 322.2 million compared to net income of BRL 2,658.8 million a year ago.

Diluted loss per share from continuing operations was BRL 0.76 compared to diluted earnings per share from continuing operations of BRL 6.55 a year ago.