Will Passenger Revenues Boost Azul's (AZUL) Q1 Earnings?
Zacks Investment Research | May 05, 2019 10:57PM ET
Azul (NYSE:AZUL) is scheduled to release its first-quarter 2019 financial numbers on May 9, before market open. The Zacks Consensus Estimate for earnings and revenues is pegged at 43 cents and $694.12 million, respectively.
In the last reported quarter, this Latin-American airline company’s earnings per ADS of 31 cents fell short of the Zacks Consensus Estimate by 18 cents. The bottom line also plunged on a year-over-year basis. This downturn was due to high fuel costs and devaluation of the Brazilian Real. While the fuel price per liter surged 37.2%, the Brazilian Real depreciated 17.3% year over year. Notably, this marked the only earnings miss in the trailing four reported quarters.
AZUL SA Price and EPS Surprise
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