Blue (AZUL4) reported on Tuesday (30) that its adjusted Ebitda reached R $ 664.9 million in August, showing a 6.2% decrease from the R $ 709 million recorded in July.
The Ebitda margin was 35.2%, showing minimal change compared to the previous month.
The net revenue decreased from R$ 2,016 billion in July to R$ 1,889 billion in August, a 6.3% decline.
The company, currently undergoing judicial recovery in the US, finished August with R$ 1.671 billion in cash and similar assets.
The received accounts increased from R $ 1.9 billion in July to R $ 2.262 billion by the end of the previous month.
Gol mentions a lack of interest in Blue as it joins the merger.
Blue’s choice to focus on its financial reorganization and set aside the potential merger with Gol has unsettled Abra, Gol’s controlling group.
The holding company’s letter to Azul conveyed the end of negotiations in a more assertive tone than typically seen in such corporate communications, which often maintain a formal style.
At the start of the communication, the Abra group emphasized that they had been open to initiating talks about a potential business merger since January, despite Blue facing financial difficulties in the USA.
- Economic situation
- Marketplace
- Blue (AZUL3)
- The text is a musical note.
- Economic situation
- The United States of America
- Marketplace
