Azul S A : announces its traffic figures for May 2021

Traffic Release

May | 2021

Azul Reports May 2021 Traffic

São Paulo, June 11, 2021 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number

of cities served and departures, announces today its preliminary traffic results for May 2021.

Domestic passenger traffic (RPKs) recovered to 81.4% of 2019 levels, while domestic capacity (ASKs) recovered to 86.9%, resulting in a load factor of 78.1%.

"In May, we focused our efforts to actively manage capacity according to the demand and we continue to see an improvement in domestic passenger traffic as the vaccination path moves forward. The size and connectivity of our network combined with our fleet flexibility give us the unique ability to capture the maximum benefits of the demand recovery and optimize flight profitability. At the same time, our logistics business Azul Cargo had another record revenue month, supported by strong demand in our international network", said John Rodgerson,

Azul's CEO.

	May-21	May-20	% ∆	May-19	% ∆
Domestic
RPK (million)	1,455	272	435.5%	1,787	-18.6%
ASK (million)	1,863	368	406.7%	2,144	-13.1%
Load factor	78.1%	73.9%	+4.2 p.p.	83.3%	-5.2 p.p.
International
RPK (million)	66	58	14.0%	544	-87.9%
ASK (million)	141	90	56.9%	620	-77.2%
Load factor	46.3%	63.8%	-17.5 p.p.	87.8%	-41.5 p.p.
Total
RPK (million)	1,520	329	361.9%	2,331	-34.8%
ASK (million)	2,004	458	337.8%	2,764	-27.5%
Load factor	75.8%	71.9%	+3.9 p.p.	84.3%	-8.5 p.p.

About Azul

Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of flight departures and cities served, offers around 700 daily flights to more than 110 destinations. With an operating fleet of 160 aircraft and more than 12,000 crewmembers, the Company has a network of more than 200 non-stop routes. In 2020 Azul was awarded best airline in the world by TripAdvisor, the first time a Brazilian Flag Carrier ranked number one in the Traveler's Choice Awards. For more information visit www.voeazul.com.br/ir.

Traffic Release

May | 2021

Glossary

Revenue Passenger Kilometers (RPK)

One-fare paying passenger transported one kilometer. RPK is calculated by multiplying the number of revenue passengers by the number of kilometers flown.

Available Seat Kilometers (ASK)

Number of aircraft seats multiplied by the number of kilometers flown.

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This traffic release includes estimates and forward-looking statements within the meaning of the U.S. federal securities laws. These estimates and forward-looking statements are based mainly on our current expectations and estimates of future events and trends that affect or may affect our business, financial condition, results of operations, cash flow, liquidity, prospects and the trading price of our preferred shares, including in the form of ADSs. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to many significant risks, uncertainties and assumptions and are made in light of information currently available to us. In addition, in this release, the words "may," "will," "estimate," "anticipate," "intend," "expect," "should" and similar words are intended to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were made. Azul is not under the obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors. Our independent public auditors have neither examined nor compiled the forward-looking statements and, accordingly, do not provide any assurance with respect to such statements. In light of the risks and uncertainties described above, the future events and circumstances discussed in this release might not occur and are not guarantees of future performance. Because of these uncertainties, you should not make any investment decision based upon these estimates and forward-looking statements.