Azul expects 200 million dollar fuel hit this year
Azul expects a 200 million dollar hit from rising fuel costs this year. Restructuring will help the airline absorb these expenses better than its competitors.
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AZUL SA expects higher jet fuel prices to increase costs by $204.15 million this year. The forecast follows a restructuring that cut $2.5 billion in obligations after the airline exited Chapter 11 bankruptcy in February. The carrier aims to offset half the fuel hit through adjusted capacity and revenue growth during its first major post-restructuring test.
