Azul Airline Faces Financial Headwinds and Credit Downgrades

Recently, S&P Global Ratings downgraded Brazil’s Azul global issuer credit rating from B- to CCC+. Announced on Monday, this reflects the Brazilian airline’s weaker financial performance in the first half of the year. It also points to a growing operational cash flow deficit and dwindling liquidity. The Brazilian real’s devaluation, along with reduced capacity and […]