Azul Reports January Traffic

SÃO PAULO, Feb. 7, 2019 /PRNewswire/ -- Azul S.A., "Azul", (((B3: AZUL4, NYSE:AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today its preliminary traffic results for January 2019.

Consolidated passenger traffic (RPKs) increased 13.5% compared to January 2018 on a capacity increase (ASKs) of 15.9% resulting in a load factor of 83.5%, decrease of 1.9 p.p. compared to the same period in 2018.

"In January we increased capacity by an impressive 15.9%, with a load factor of 83.5%, demonstrating a robust demand environment, especially in domestic flights. International load factor amounted to a healthy 87.1%. We are excited about our fleet transformation plan in 2019, where 40% of our capacity will be flown on next-generation aircraft, which are essential to strengthen our network while reducing unit cost," says John Rodgerson, Azul's CEO.

As in 2018, we were again in January the number one on-time airline in Brazil, with an on-time arrival rate of 85.3% according to FlightStats.

About Azul

Azul S.A. (((B3: AZUL4, NYSE:AZUL), the largest airline in Brazil by number of cities served, offers 821 daily flights to 110 destinations. With an operating fleet of 123 aircraft and more than 11,000 crewmembers, the Company has a network of 220 non-stop routes as of December 31, 2018. In 2018, Azul was awarded best airline in Latin America by TripAdvisor Travelers' Choice and by Kayak's Flight Hacker Guide, and also best regional carrier in South America for the eighth consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil in 2018 according to FlightStats. For more information visit www.voeazul.com.br/ir.  

Contact

Andrea Bottcher
Investor Relations 
Tel: +55 11 4831 2880
invest@voeazul.com.br

Media Relations
Tel: +55 11 4831 1245
imprensa@voeazul.com.br

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 June 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 "June," "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.

SOURCE Azul S.A.