true
2022
FY
0001432364
0001432364
2022-01-01
2022-12-31
0001432364
dei:BusinessContactMember
2022-01-01
2022-12-31
0001432364
ifrs-full:PreferenceSharesMember
2022-01-01
2022-12-31
0001432364
azul:AmericanDepositarySharesAsEvidencedByAmericanDepositaryReceiptsEachRepresentingThreePreferredSharesMember
2022-01-01
2022-12-31
0001432364
ifrs-full:OrdinarySharesMember
2022-12-31
0001432364
ifrs-full:PreferenceSharesMember
2022-12-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 20-F/A
☐ REGISTRATION
STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
☒ ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December
31, 2022
OR
☐ TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________
to _______________
OR
☐ SHELL
COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of event requiring this shell company
report
Commission file number: 001-38049
AZUL SA
(Exact name of Registrant as specified
in its charter)
N/A
(Translation of the Registrant’s name into English)
Federative Republic of Brazil
(Jurisdiction of incorporation or organization)
Avenida
Marcos Penteado de Ulhôa Rodrigues, n. 939, 8th floor
Edifício Jatobá, Condomínio Castelo Branco Office Park
Tamboré, Barueri, State of São
Paulo, Zip Code 06460-040
Federative Republic of Brazil
(Address of principal executive offices)
Alexandre Wagner Malfitani (Chief Financial
Officer and Investor Relations Officer)
E-mail: invest@voeazul.com.br
Telephone: +55 (11) 4831-2880
(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Business Contact Avenida
Marcos Penteado de Ulhôa Rodrigues, n. 939, 8th floor Edifício Jatobá, Condomínio Castelo Branco Office
Park
Title of each class |
Trading Symbol |
Name of each exchange on which registered |
Preferred
Shares without par value ☒
|
AZUL |
New York Stock Exchange* |
American Depositary Shares (as evidenced by American Depositary Receipts), each representing three Preferred Shares |
New York Stock Exchange |
*Not for trading purposes, but only in
connection with the listing on the New York Stock Exchange of American Depositary Shares representing those Preferred Shares.
Securities registered or to be registered
pursuant to Section 12 (g) of the Act: None
Securities for which there is a reporting
obligation pursuant to Section 15 (d) of the Act: None
Indicate the number of outstanding shares
of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
928,965,058 Common
Shares
335,623,408 Preferred Shares
Indicate by check mark if the registrant
is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ☒ No ☐
If this report is an annual or transition
report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 (d) of the
Securities Exchange Act of 1934.
Yes ☐ No ☒
Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes ☒ No ☐
Indicate by check mark whether the registrant
has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☒ No ☐
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large
accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☒
Accelerated filer ☐
Non-accelerated filer ☐
Emerging growth company ☐
If an emerging growth company that prepares
its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐
Indicate by
check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its
internal control over financial reporting under Section 404 (b) of the Sarbanes-Oxley Act (15 U.S.C. 7262 (b)) by the registered public
accounting firm that prepared or issued its audit report.
Yes ☒ No ☐
† The term “new or revised financial
accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification
after April 5, 2012.
Indicate by check mark whether the registrant
has filed a report or an attestation to its management’s assessment of the effectiveness of its internal control over financial
reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b))
Yes ☒ No ☐
If securities are registered pursuant to
Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the
correction of an error to previously issued financial statements. ☐
Indicate by check mark
whether any of those error corrections are restatements that required a recovery analysis of incentive based compensation received by
any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark which basis of accounting
the registrant has used to prepare the financial statements included in this filing:
U.S. GAAP ☐ |
International Financial Reporting Standards as issued by the International Accounting Standards Board ☒ |
Other ☐ |
If “Other” has been checked in
response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow:
Item 17 ☐ Item 18
☐
If this is an annual report, indicate by
check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☐ No ☒
(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS)
Indicate by check mark whether the registrant
has filed all documents and reports required to be filed by Sections 12, 13 or 15 (d) of the Securities Exchange Act of 1934 subsequent
to the distribution of securities under a plan confirmed by a court:
Yes ☐ No ☐
Auditor Name: Ernst & Young
Auditores Independentes S/S Ltda. Auditor Location: São Paulo, Brazil Firm ID: 1448
EXPLANATORY NOTE
Azul S.A. (the
“Company”) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and
Exchange Commission (the “SEC”) on April 20, 2023 (the “Original Filing”).
This Amendment
No. 1 on Form 20-F/A (this “Amendment”) is filed by the Company with the SEC solely to amend the Reports of Independent
Registered Public Accounting Firm of Ernst & Young Auditores Independentes S/S Ltda. (“EY”), the Company’s
independent registered public accounting firm, in Item 18 “Financial Statements” in the Original Filing to correct
errors in such reports.
This Amendment
corrects the Report of Independent Registered Public Accounting Firm of EY on financial statements appearing on pages F-3 to F-5 of the
Original Filing by deleting from such report three paragraphs commencing “We obtained an understanding, evaluated the design
and tested the operating effectiveness of the controls over…”, each of which was included under the sub-heading “How
We Addressed the Matter in our audit” therein. This Amendment also corrects the Report of Independent Registered Public Accounting
Firm of EY on internal control over financial reporting appearing on page F-6 of the Original Filing by inserting the following sentence
into such report: “These material weaknesses were considered in determining the nature, timing and extent of audit tests applied
in our audit of the 2022 consolidated financial statements, and this report does not affect our report dated April 19, 2023, which expressed
an unqualified opinion thereon.”
In addition,
this Amendment also amends Item 19 “Exhibits” in the Original Filing by (i) replacing EY’s Consent of Independent
Registered Public Accounting Firm with an updated Consent of Independent Registered Public Accounting Firm attached to this Amendment
as Exhibit 23.1, and (ii) as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, including as Exhibits to this
Amendment currently dated certifications from the Company’s Chief Executive Officer and Chief Financial Officer as required by Section
302 and 906 of the Sarbanes-Oxley Act of 2002, which certifications are attached to this Amendment as Exhibits 12.1, 12.2, 13.1 and 13.2.
Except as described
above, this Amendment does not modify or update disclosures in, or exhibits to, the Original Filing. Therefore, this Amendment speaks
as of April 20, 2023 (the filing date of the Original Filing) and, except as described above, does not modify or update any other disclosures
contained in the Original Filing for other events or information subsequent to the date of the filing of the Original Filing. Accordingly,
this Amendment should be read in conjunction with the Original Filing and the Company’s filings with the SEC subsequent to the filing
of the Original Filing.
For the avoidance
of doubt, there have been no changes to the Company’s consolidated financial statements set forth in the Original Filing.
PART III
ITEM 18. FINANCIAL
STATEMENTS
See each Report of Independent Registered Public Accounting Firm of EY included herewith each of which replaces the corresponding
Report of Independent Registered Public Accounting Firm of EY appearing on pages F-3 to F-5 and on page F-6, respectively, of the Original
Filing.
ITEM 19. EXHIBITS
| | São Paulo Corporate Towers Av. Presidente Juscelino Kubitschek, 1.909 Vila Nova Conceição 04543-011 - São Paulo – SP - Brazil Tel: +55 11 2573-3000 ey.com.br | |
Report
of Independent Registered Public Accounting Firm
To the Shareholders and the Board
of Directors of
Azul S.A.
Opinion on the Financial Statements
We have audited the accompanying
consolidated statement of financial position of Azul S.A. (the “Company“) as of December 31, 2022 and 2021, the related consolidated
statements of operations, comprehensive loss, changes in equity, and cash flows, for each of the three years in the period ended December
31, 2022, and the related notes (collectively referred to as the “consolidated financial statements“). In our opinion, the
consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022
and 2021, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2022, in conformity
with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board - IASB.
We also have audited, in accordance
with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial
reporting as of December 31, 2022, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (2013 framework), and our report dated April 19, 2023, expressed an adverse opinion thereon.
Basis for Opinion
These financial statements are
the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s financial statements
based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the
Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.
We conducted our audits in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to
assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Critical Audit Matters
The critical audit matters communicated
below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated
to the audit committee and that: (1) relate to accounts or disclosures that are material to the consolidated financial statements and
(2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter
in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below,
providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.
Air Traffic Liability - Breakage
Revenue
|
Description of the Matter
|
At December 31, 2022, the Company’s air traffic liability
balance, representing deferred revenue related to air transportation service and loyalty program (“TudoAzul”) points, was
R$ 4,660,271 thousand.
As disclosed in Note 29.1 to the consolidated financial statements,
the Company defers air transportation service and its loyalty program issued points and recognizes revenue when air transportation service
is actually provided. In accounting for the air traffic liability, the Company estimates the air tickets and TudoAzul points that will
expire unused (breakage). The Company recognizes breakage revenue in proportion to the usage of the related tickets or proportionally
during the period in which the remaining points are actually redeemed.
Breakage revenue on tickets sold is estimated using statistical
models primarily based on historical data, ticket terms and customers’ travel behavior. Breakage revenue on outstanding loyalty
program points is estimated using statistical models based on historical data, including redemption patterns.
Auditing the Company’s accounting for breakage revenue
was complex due to the judgment involved, such as expectations of the expiration of unused tickets and loyalty program points future redemption
patterns.
|
|
How We Addressed the Matter in our audit
|
To test the estimate of breakage revenue, our audit procedures
included, among others, comparing breakage rates with historical data and analyzing breakage rate trends over the years. We also evaluated
the financial statements disclosures included in Note 29 to the consolidated financial statements.
|
Maintenance Reserve Deposits
|
Description of the Matter
|
As disclosed in Note 9.2 to the consolidated financial statements,
at December 31, 2022, the Company’s aggregate current and non-current maintenance reserve deposits balance totaled R$2,610,943 thousand,
net of the provision for loss of R$446,342 thousand, resulting in a net balance of R$2,164,601 thousand. Certain master lease agreements
provide for the payment of aircraft and engine maintenance reserve deposits made to the lessors to be held as collateral for the performance
of major maintenance activities, and therefore these deposits are reimbursable upon completion of the maintenance event.
As disclosed in Note 9.1.2, at December 31, 2022, the Company
assesses whether the maintenance reserve deposits required by the master lease agreements are expected to be recovered based on the expected
usage of the aircraft and timing of future maintenance events. A provision for loss is recorded for deposits that are not probable to
be recovered.
Auditing the recoverability of the maintenance reserve deposits
was specially challenging due to the degree of judgment required in estimating the expected usage of the aircraft and timing of future
maintenance events.
|
|
How We Addressed the Matter in our audit
|
To test the maintenance reserve deposits balance net of the
provision for loss, our audit procedures included, among others, confirming maintenance reserve deposit balances for individual contracts
with the respective lessors; tracing elements of actual maintenance expenses incurred to supporting documentation; evaluating the Company’s
analysis of the recoverability of the maintenance reserve deposits that includes the assessment of the timing of future maintenance event
and expected usage of the aircraft; comparing relevant inputs in the Company´s estimate to contractual agreements with the lessors.
We also assessed the Company’s disclosures in respect of its maintenance reserve deposits in Notes 9.1.2 and 9.2 to the consolidated
financial statements.
|
Assessment of the impacts of the
COVID-19 pandemic and capital structure and net working capital
|
Description of the Matter
|
As discussed in Note 1.2 and 1.4 to the consolidated financial
statements, as a result of the effects of COVID-19 global pandemic during the years 2020 and 2021, the Company and the aviation industry
experienced a significant decline in the demand for air transportation services. The Company has suffered recurring losses, has presented
a total negative equity (deficit) and has a working capital deficiency of R$10,184,169 thousand as of December 31, 2022. Management has
taken a series of measures to address the situation created by the pandemic and concluded that those measures allow the Company to continue
operating and fulfilling its obligations in the normal course of business, and that, therefore, the use of the going concern basis of
accounting continues to be applicable for the preparation of the Company’s consolidated financial statements.
Auditing management assessment was complex and required significant
auditor judgement, as the judgements and assumptions applied by management in making their assessment include estimating future demand
and revenue as well as evaluating the impacts from negotiations with lessors and financial institutions, the Company’s access to
additional capital and other future market conditions that are subject to significant estimation uncertainty. Those assumptions and judgements
are forward-looking and could be affected by future economic events and market conditions.
|
|
How We Addressed the Matter in our audit
|
To test management assessment our audit procedures included,
among others, involving our valuation specialists to assist in evaluating the management financial forecasting model and key assumptions;
testing the mathematical accuracy of that model; comparing key inputs against historical financial information and records; performing
a sensitivity analysis; inspecting supporting documentation such as lease contract amendments and renegotiations; and assessing management
application of the relevant accounting framework. We also assessed the Company’s disclosures in respect of its assessment of the
impacts of the COVID-19 pandemic and capital structure and net working capital in Notes 1.2 and 1.4 to the consolidated financial statements.
|
/s/ ERNST & YOUNG Auditores
Independentes S/S Ltda.
We have served as the Company’s
auditor since 2009.
São Paulo, Brazil
April 19, 2023
Report
of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Directors
of
Azul S.A.
Opinion on Internal Control
over Financial Reporting
We have
audited Azul S.A.’s internal control over financial reporting as of December 31, 2022, based on criteria established in Internal
Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the
COSO criteria). In our opinion, because of the effect of the material weaknesses described below on the achievement of the objectives
of the control criteria, Azul S.A. (the Company) has not maintained effective internal control over financial reporting as of December
31, 2022, based on the COSO criteria. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial
statements will not be prevented or detected on a timely basis. The following material weaknesses have been identified and included in
management’s assessment. Management has identified material weaknesses related to the identification, design and execution of relevant
controls in information technology general controls (ITGC) and related information produced by entity that support underlying data used
in routine and non-routine business and financial reporting processes and controls, to fully address the requirements of the COSO criteria.
We also
have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s
consolidated statements of financial position as of December 31, 2022 and 2021, and the related consolidated statements of operations,
comprehensive loss, changes in equity, and cash flows for each of the three years in the period ended December 31, 2022, and the related
notes. These material weaknesses were considered in determining the nature, timing and extent of audit tests applied in our audit of the
2022 consolidated financial statements, and this report does not affect our report dated April 19, 2023, which expressed an unqualified
opinion thereon.
Basis for Opinion
The Company’s
management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness
of internal control over financial reporting included in the accompanying Management’s Report on Internal Control over Financial
Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.
We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance
with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted
our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether effective internal control over financial reporting was maintained in all material respects.
Our audit
included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists,
testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other
procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
Definition and Limitations
of Internal Control Over Financial Reporting
A company’s
internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations
of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.
/s/ ERNST & YOUNG Auditores
Independentes S/S Ltda.
São Paulo, Brazil
April 19, 2023
SIGNATURES
The registrant
hereby certifies that it meets all of the requirements for filing on Form 20-F and has duly caused and authorized the undersigned
to sign this Amendment No. 1 to Annual Report on Form 20-F/A on its behalf.
Azul S.A.
|
|
|
|
By: |
/s/ John Peter Rodgerson |
|
|
Name: John Peter Rodgerson |
|
|
Title: Chief Executive Officer |
|
|
|
|
By: |
/s/ Alexandre Wagner Malfitani |
|
|
Name: Alexandre Wagner Malfitani |
|
|
Title: Chief Financial Officer and Investor Relations Officer |
Barueri/SP, Brazil
December 28,
2023
Exhibit 12.1
CERTIFICATION
PURSUANT TO RULES 13a-14(a) AND 15d-14(a) AS ADOPTED UNDER SECTION 302 OF THE SARBANES-OXLEY ACT
I, John Peter Rodgerson, certify that:
1.
I have reviewed the Annual Report on Form 20-F of Azul S.A. (the “company”),
as amended by the Amendment No. 1 on Form 20-F/A (the “report”);
2.
Based on my knowledge, the report does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by the report;
3.
Based on my knowledge, the financial statements, and other financial information included in the
report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and
for, the periods presented in the report;
4.
The company’s other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting
(as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:
| (a) | Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the report is
being prepared; |
| (b) | Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles; |
| (c) | Evaluated the effectiveness of the company’s disclosure controls and
procedures and presented in the report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by the report based on such evaluation; and |
| (d) | Disclosed in the report any change in the company’s internal control
over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely
to materially affect, the company’s internal control over financial reporting; and |
5.
The company’s other certifying officer and I have disclosed, based on our most recent evaluation
of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of
directors (or persons performing the equivalent functions):
| (a) | all significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process,
summarize and report financial information; and |
| (b) | any fraud, whether or not material, that involves management or other employees
who have a significant role in the company’s internal control over financial reporting. |
Barueri/SP, Brazil, December 28,
2023
By: /s/
John Peter Rodgerson
Name: John
Peter Rodgerson
Title: Chief
Executive Officer
Exhibit
12.2
CERTIFICATION PURSUANT TO RULES
13a-14(a) AND 15d-14(a) AS ADOPTED UNDER SECTION 302 OF THE SARBANES-OXLEY ACT
I, Alexandre Wagner Malfitani, certify that:
| 1. | I have reviewed the Annual Report on Form 20-F of Azul S.A. (the “company”),
as amended by the Amendment No. 1 on Form 20-F/A (the “report”); |
| 2. | Based on my knowledge, the report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by the report; |
| 3. | Based on my knowledge, the financial statements, and other financial information
included in the report, fairly present in all material respects the financial condition, results of operations and cash flows of the company
as of, and for, the periods presented in the report; |
| 4. | The company’s other certifying officer and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over
financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have: |
| (a) | Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the report is
being prepared; |
| (b) | Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles; |
| (c) | Evaluated the effectiveness of the company’s disclosure controls and
procedures and presented in the report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by the report based on such evaluation; and |
| (d) | Disclosed in the report any change in the company’s internal control
over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely
to materially affect, the company’s internal control over financial reporting; and |
| 5. | The company’s other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of
the company’s board of directors (or persons performing the equivalent functions): |
| (a) | all significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process,
summarize and report financial information; and |
| (b) | any fraud, whether or not material, that involves management or other employees
who have a significant role in the company’s internal control over financial reporting. |
Barueri/SP, Brazil
- December 28, 2023
By:
/s/ Alexandre Wagner Malfitani Name: Alexandre
Wagner Malfitani
Title: Chief
Financial Officer and Investor Relations Officer
Exhibit 13.1
Azul S.A.
Certification Pursuant to 18
U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
In connection with
the filing with the U.S. Securities and Exchange Commission by Azul S.A. (the “company”) of its Annual Report on Form 20-F
for the fiscal year ended December 31, 2022, as amended by the Amendment No. 1 on Form 20-F/A on the date hereof (the “Report”),
pursuant to Exchange Act Rules 13a - 14(b) or 15d - 14(b) and to 18 U.S.C. Section 1350 as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned officer of the company hereby certifies, to such officer´s
knowledge, that:
| (a) | the Report fully complies with the requirements of Section 13(a) or 15(d)
of the Securities Exchange Act of 1934; and |
| (b) | the information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the company. |
Barueri/SP, Brazil -
December 28, 2023
By: /s/
John Peter Rodgerson
Name: John
Peter Rodgerson
Title: Chief
Executive Officer
A signed original of this written
statement required by Section 906 has been provided to the company and will be retained by the company and furnished to the U.S. Securities
and Exchange Commission or its staff upon request.
Exhibit 13.2
Azul S.A.
Certification Pursuant to 18
U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
In connection
with the filing with the U.S. Securities and Exchange Commission by Azul S.A. (the “company”) of its Annual Report on Form
20-F for the fiscal year ended December 31, 2022, as amended by the Amendment No. 1 on Form 20-F/A on the date hereof (the “Report”),
pursuant to Exchange Act Rules 13a - 14(b) or 15d - 14(b) and to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, the undersigned officer of the company hereby certifies, to such officer´s knowledge, that:
(a)
the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and
(b)
the information contained in the Report fairly presents, in all material respects, the financial
condition and results of operations of the company.
By: /s/
Alexandre Wagner Malfitani
Name: Alexandre
Wagner Malfitani
Title: Chief
Financial Officer and Investor Relations Officer
Barueri/SP, Brazil - December 28, 2023
A signed original of this written
statement required by Section 906 has been provided to the company and will be retained by the company and furnished to the U.S. Securities
and Exchange Commission or its staff upon request.
Exhibit 23.1
Consent of Independent
Registered Public Accounting Firm
We consent to the incorporation
by reference in the Registration Statement (Form F-3 No. 333-257584) of Azul S.A. of our reports dated April 19, 2023, with respect to
the consolidated financial statements of Azul S.A., and the effectiveness of internal control over financial reporting of Azul S.A., included
in the Annual Report (Form 20-F) for the year ended December 31, 2022, as amended by the Amendment No. 1 on Form 20-F/A.
/s/ ERNST & YOUNG
Auditores Independentes S/S Ltda.
São Paulo, Brazil
December 28, 2023
v3.23.4
Cover
|
12 Months Ended |
Dec. 31, 2022
shares
|
Entity Addresses [Line Items] |
|
Document Type |
20-F/A
|
Amendment Flag |
true
|
Amendment Description |
EXPLANATORY NOTE
Azul S.A. (the
“Company”) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and
Exchange Commission (the “SEC”) on April 20, 2023 (the “Original Filing”).
This Amendment
No. 1 on Form 20-F/A (this “Amendment”) is filed by the Company with the SEC solely to amend the Reports of Independent
Registered Public Accounting Firm of Ernst & Young Auditores Independentes S/S Ltda. (“EY”), the Company’s
independent registered public accounting firm, in Item 18 “Financial Statements” in the Original Filing to correct
errors in such reports.
This Amendment
corrects the Report of Independent Registered Public Accounting Firm of EY on financial statements appearing on pages F-3 to F-5 of the
Original Filing by deleting from such report three paragraphs commencing “We obtained an understanding, evaluated the design
and tested the operating effectiveness of the controls over…”, each of which was included under the sub-heading “How
We Addressed the Matter in our audit” therein. This Amendment also corrects the Report of Independent Registered Public Accounting
Firm of EY on internal control over financial reporting appearing on page F-6 of the Original Filing by inserting the following sentence
into such report: “These material weaknesses were considered in determining the nature, timing and extent of audit tests applied
in our audit of the 2022 consolidated financial statements, and this report does not affect our report dated April 19, 2023, which expressed
an unqualified opinion thereon.”
In addition,
this Amendment also amends Item 19 “Exhibits” in the Original Filing by (i) replacing EY’s Consent of Independent
Registered Public Accounting Firm with an updated Consent of Independent Registered Public Accounting Firm attached to this Amendment
as Exhibit 23.1, and (ii) as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, including as Exhibits to this
Amendment currently dated certifications from the Company’s Chief Executive Officer and Chief Financial Officer as required by Section
302 and 906 of the Sarbanes-Oxley Act of 2002, which certifications are attached to this Amendment as Exhibits 12.1, 12.2, 13.1 and 13.2.
Except as described
above, this Amendment does not modify or update disclosures in, or exhibits to, the Original Filing. Therefore, this Amendment speaks
as of April 20, 2023 (the filing date of the Original Filing) and, except as described above, does not modify or update any other disclosures
contained in the Original Filing for other events or information subsequent to the date of the filing of the Original Filing. Accordingly,
this Amendment should be read in conjunction with the Original Filing and the Company’s filings with the SEC subsequent to the filing
of the Original Filing.
For the avoidance
of doubt, there have been no changes to the Company’s consolidated financial statements set forth in the Original Filing.
|
Document Registration Statement |
false
|
Document Annual Report |
true
|
Document Transition Report |
false
|
Document Shell Company Report |
false
|
Document Period End Date |
Dec. 31, 2022
|
Document Fiscal Period Focus |
FY
|
Document Fiscal Year Focus |
2022
|
Current Fiscal Year End Date |
--12-31
|
Entity File Number |
001-38049
|
Entity Registrant Name |
AZUL SA
|
Entity Central Index Key |
0001432364
|
Entity Incorporation, State or Country Code |
D5
|
Entity Address, Address Line One |
Avenida
Marcos Penteado de Ulhôa Rodrigues, n. 939, 8th floor Edifício Jatobá, Condomínio Castelo Branco Office
Park
|
Entity Address, City or Town |
Barueri
|
Entity Address, Country |
BR
|
Entity Address, Postal Zip Code |
06460-040
|
Entity Well-known Seasoned Issuer |
Yes
|
Entity Voluntary Filers |
No
|
Entity Current Reporting Status |
Yes
|
Entity Interactive Data Current |
Yes
|
Entity Filer Category |
Large Accelerated Filer
|
Entity Emerging Growth Company |
false
|
Document Accounting Standard |
International Financial Reporting Standards
|
Entity Shell Company |
false
|
ICFR Auditor Attestation Flag |
true
|
Document Financial Statement Error Correction [Flag] |
false
|
Auditor Name |
Ernst & Young
Auditores Independentes S/S Ltda.
|
Auditor Location |
São Paulo, Brazil
|
Auditor Firm ID |
1448
|
Preferred Shares |
|
Entity Addresses [Line Items] |
|
Title of 12(b) Security |
Preferred
Shares
|
No Trading Symbol Flag |
true
|
Security Exchange Name |
NYSE
|
Entity Common Stock, Shares Outstanding |
335,623,408
|
American Depositary Shares |
|
Entity Addresses [Line Items] |
|
Title of 12(b) Security |
American Depositary Shares (as evidenced by American Depositary Receipts), each representing three Preferred Shares
|
Trading Symbol |
AZUL
|
Security Exchange Name |
NYSE
|
Common Shares |
|
Entity Addresses [Line Items] |
|
Entity Common Stock, Shares Outstanding |
928,965,058
|
Business Contact |
|
Entity Addresses [Line Items] |
|
Entity Address, Address Line One |
Avenida
Marcos Penteado de Ulhôa Rodrigues, n. 939, 8th floor Edifício Jatobá, Condomínio Castelo Branco Office
Park
|
Entity Address, City or Town |
Barueri
|
Entity Address, Country |
BR
|
Entity Address, Postal Zip Code |
06460-040
|
Contact Personnel Name |
Alexandre Wagner Malfitani
|
Contact Personnel Email Address |
invest@voeazul.com.br
|
X |
- DefinitionDescription of changes contained within amended document.
+ References
+ Details
Name: |
dei_AmendmentDescription |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPCAOB issued Audit Firm Identifier
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-K -Number 249 -Section 310
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 40-F -Number 249 -Section 240 -Subsection f
+ Details
Name: |
dei_AuditorFirmId |
Namespace Prefix: |
dei_ |
Data Type: |
dei:nonemptySequenceNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-K -Number 249 -Section 310
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 40-F -Number 249 -Section 240 -Subsection f
+ Details
Name: |
dei_AuditorLocation |
Namespace Prefix: |
dei_ |
Data Type: |
dei:internationalNameItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-K -Number 249 -Section 310
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 40-F -Number 249 -Section 240 -Subsection f
+ Details
Name: |
dei_AuditorName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:internationalNameItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
+ Details
Name: |
dei_DocumentAccountingStandard |
Namespace Prefix: |
dei_ |
Data Type: |
dei:accountingStandardItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as an annual report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-K -Number 249 -Section 310
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 40-F -Number 249 -Section 240 -Subsection f
+ Details
Name: |
dei_DocumentAnnualReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicates whether any of the financial statement period in the filing include a restatement due to error correction.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection w
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-K -Number 249 -Section 310
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 40-F -Number 249 -Section 240 -Subsection f
+ Details
Name: |
dei_DocumentFinStmtErrorCorrectionFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as a registration statement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12
+ Details
Name: |
dei_DocumentRegistrationStatement |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
+ Details
Name: |
dei_DocumentShellCompanyReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as a transition report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Forms 10-K, 10-Q, 20-F -Number 240 -Section 13 -Subsection a-1
+ Details
Name: |
dei_DocumentTransitionReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionISO 3166-1 alpha-2 country code.
+ References
+ Details
Name: |
dei_EntityAddressCountry |
Namespace Prefix: |
dei_ |
Data Type: |
dei:countryCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
dei_EntityAddressesLineItems |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-T -Number 232 -Section 405
+ Details
Name: |
dei_EntityInteractiveDataCurrent |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityShellCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
+ References
+ Details
Name: |
dei_EntityVoluntaryFilers |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 405
+ Details
Name: |
dei_EntityWellKnownSeasonedIssuer |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-K -Number 249 -Section 310
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 20-F -Number 249 -Section 220 -Subsection f
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 40-F -Number 249 -Section 240 -Subsection f
+ Details
Name: |
dei_IcfrAuditorAttestationFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a security having no trading symbol.
+ References
+ Details
Name: |
dei_NoTradingSymbolFlag |
Namespace Prefix: |
dei_ |
Data Type: |
dei:trueItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
ifrs-full_ClassesOfShareCapitalAxis=azul_AmericanDepositarySharesAsEvidencedByAmericanDepositaryReceiptsEachRepresentingThreePreferredSharesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Grafico Azioni Azul (NYSE:AZUL)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Azul (NYSE:AZUL)
Storico
Da Mag 2023 a Mag 2024