Azul Reports October 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 October 2018.

Consolidated passenger traffic (RPKs) increased 15.9% compared to October 2017 on a capacity increase (ASKs) of 16.6% resulting on a load factor of 82.4%, slightly lower than October 2017. Domestic load factor was 81.6%, an increase of 0.7 p.p. compared to the same period last year and international load factor was 84.9%, down 5.6 p.p..

"Year to date, we increased capacity by an impressive 16.7% while increasing load factor to 82.1%, demonstrating a robust demand environment, especially in domestic flights. International load factor remained at a healthy 85%. We are impressed with the performance of the 18 A320neos in our fleet, they are essential to strengthen our network while reducing unit cost,” says John Rodgerson, Azul’s CEO.

Year to date we continue to be the number one on-time airline in Brazil and one of the top five in the world, with an on-time arrival rate of 87.3% according to FlightStats.

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.

Glossary

Revenue Passenger Kilometers (RPK)

One-fare paying passenger transported one kilometer. RPK is calculated by multiplying the number of revenue passengers by the number of kilometers flown.

Available Seat Kilometers (ASK)

Number of aircraft seats multiplied by the number of kilometers flown.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181106006001/en/