Business

Azul has a net loss of $ 460 million and suspends the estimates for 2020 due to coronavirus

The airline Azul reported a loss of R $ 2.3 billion ($ 460 million) in the fourth quarter of 2019, affected by expenses considered non-recurring, and suspended the projections for 2020, in addition to adopting other measures, due to the uncertainty related to the impact of the propagation of the coronavirus. Azul also said in a statement that it is monitoring the potential impact of Covid-19 on its 2020 results and has decided to suspend projections for the year.

Source: G1

Categories: Business