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Published on Friday, March 5, 2021

Brazil's Azul narrows losses in Q4






Brazil's Azul reported a net loss of $56.6 million for the fourth quarter, its best quarterly performance so far since the beginning of the pandemic.


It said domestic capacity was 91% of pre=pandemic levels and revenue doubled compared with the previous quarter. Still, revenue is only about half compared to before the pandemic. It lost a total of $1.92 billion in 2020.


 


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