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Azul Reports November Traffic

AZUL | December 6, 2018

Azul Reports November Traffic

Azul S.A., “Azul,” (B3:AZUL4) (NYSE:AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today its preliminary traffic results for November 2018.

Consolidated passenger traffic (RPKs) increased 14.4% compared to November 2017 on a capacity increase (ASKs) of 12.4% resulting on a load factor of 83.6%, an increase of 1.5 p.p. compared to November 2017. Domestic load factor was 82.5%, an increase of 1.6 p.p. compared to the same period last year and international load factor was 87.7%, up 0.8 p.p..

“Once again we grew capacity by double digits and increased our load factors both domestically and internationally, as we continue to see a solid demand environment in Brazil. Most of our growth is coming from the 18 A320neos we have on our fleet today replacing smaller aircraft in markets we already operate,” says John Rodgerson, Azul’s CEO.

Year to date we continue to be the number one on-time airline in Brazil, with an on-time arrival rate of 87.2% according to FlightStats.


	Nov-18	Nov-17	% ?	YTD 2018	YTD 2017	% ?
Total
RPK (million)	1,880	1,643	14.4%	21,831	18,711	16.7%
ASK (million)	2,249	2,001	12.4%	26,553	22,833	16.3%
Load factor	83.6%	82.1%	+1.5 p.p.	82.2%	81.9%	+0.3 p.p.
Domestic
RPK (million)	1,459	1,292	12.9%	16,158	14,914	8.3%
ASK (million)	1,769	1,596	10.8%	20,016	18,608	7.6%
Load factor	82.5%	80.9%	+1.6 p.p.	80.7%	80.1%	+0.6 p.p.
International
RPK (million)	421	351	19.8%	5,673	3,797	49.4%
ASK (million)	480	405	18.7%	6,537	4,225	54.7%
Load factor	87.7%	86.9%	+0.8 p.p.	86.8%	89.9%	-3.1 p.p.

About Azul

Azul S.A. (B3:AZUL4) (NYSE:AZUL), the largest airline in Brazil by number of cities served, offers 766 daily flights to 110 destinations. With an operating fleet of 120 aircraft and more than 10,000 crewmembers, the Company has a network of 218 non-stop routes as of September 30, 2018. This year, Azul was awarded best airline in Latin America by TripAdvisor Travelers’ Choice and by Kayak’s Flight Hacker Guide, and also best regional carrier in South America for the eighth consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil and most on-time low-cost carrier in the Americas in 2017 according to OAG's Punctuality League, the industry's most comprehensive annual ranking of on-time performance. For more information visit www.voeazul.com.br/ir.

This traffic release includes estimates and forward-looking statements within the meaning of the U.S. federal securities laws. These estimates and forward-looking statements are based mainly on our current expectations and estimates of future events and trends that affect or June affect our business, financial condition, results of operations, cash flow, liquidity, prospects and the trading price of our preferred shares, including in the form of ADSs. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to many significant risks, uncertainties and assumptions and are made in light of information currently available to us. In addition, in this release, the words “June,” “will,” “estimate,” “anticipate,” “intend,” “expect,” “should” and similar words are intended to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were made. Azul is not under the obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors. Our independent public auditors have neither examined nor compiled the forward-looking statements and, accordingly, do not provide any assurance with respect to such statements. In light of the risks and uncertainties described above, the future events and circumstances discussed in this release might not occur and are not guarantees of future performance. Because of these uncertainties, you should not make any investment decision based upon these estimates and forward-looking statements.