Azul S.A. reported record first-quarter results for 2026, achieving R$5.5 billion in total operating revenue, a 1.4% increase from 2025, and an EBITDA of R$1.7 billion, reflecting a 22.6% year-over-year rise. The company improved its financial position with a significant reduction in total debt to R$20.6 billion and a leverage ratio of 2.4x, as of May 7, 2026.