Azul’s Liquidity Crisis: Rating Agency Sounds Warning

Moody’s has cast a shadow over Azul Airlines’ financial horizon. The American agency downgraded Azul’s rating from Caa1 to Caa2 in a recent report. This decision stems from the airline’s significant cash burn, which has heightened liquidity risks. Despite generating R$1.2 billion in EBIT during the first half of 2024, Azul faced financial headwinds. High […]