Workflow
Azul Should Benefit From GOL's Chapter 11
AZULAzul(AZUL) Seeking Alpha·2024-01-30 22:59
Stefan Lambauer/iStock Editorial via Getty ImagesSummary Azul S.A.'s (NYSE:AZUL) outlook has turned up, in a span of 90 days two very important events should improve the airline's operating and cashflow dynamics which led me to upgrade the shares to BUY from Sell. In 4Q24 the company concluded a US$950m debt restructure related to aircraft leases that included issuing new shares without significant dilution. The second is the recent chapter 11 decision by Linhas Aéreas Inteligentes S.A. (OTCPK:GOLLQ) th ...