Airline

Azul reports net loss despite record quarterly revenue

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Azul reports net loss despite record quarterly revenue

Brazilian airline Azul reported a record three-month operating revenue of R$4.5bn (US$ 860 million) for the fourth quarter of 2022 (Q4 2022), taking it to R$15.9bn revenue for the year. But the carrier recorded a R$610.5 million loss for the quarter, exceeding the pandemic-era loss reported Q4 2021,...

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