Welcome to our dedicated page for Azul S.A. SEC filings (Ticker: AZULQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Azul S.A. (OTC: AZULQ) files as a foreign private issuer with the U.S. Securities and Exchange Commission, primarily using Form 6-K to report material information. These SEC filings provide detailed insight into the company, which describes itself as the largest airline in Brazil in terms of cities served, and into its ongoing financial restructuring under Chapter 11 of the United States Bankruptcy Code.
Azul’s Form 6-K submissions include quarterly financial statements prepared under IFRS, accompanied by an independent auditor’s review report, statements of financial position, operations, comprehensive income, changes in equity, cash flows and value added, as well as extensive notes. The auditor’s report for the quarter ended September 30, 2025, highlights material uncertainty about the company’s ability to continue as a going concern, referencing negative equity, current liabilities exceeding current assets and cash flow used in operations, together with the Chapter 11 filing.
Other 6-K filings function as material facts and notices to the market, describing key steps in Azul’s restructuring plan. These documents outline the Chapter 11 plan and its confirmation, debtor-in-possession financing, restructuring support agreements, backstop commitment agreements, agreements with unsecured creditors, and equity investment agreements with strategic investors. They also detail primary public offerings of newly issued common and preferred shares in Brazil, priority subscription rights for existing shareholders, issuance and exercise of subscription warrants, conversion of preferred shares into common shares, and planned additional equity offerings intended to capitalize certain indebtedness.
For investors and analysts reviewing AZULQ, this filings page aggregates Azul’s SEC disclosures, allowing users to see how the company presents its operating performance, capital structure changes and restructuring milestones in official documents. Stock Titan’s tools can surface key elements from lengthy filings, helping readers quickly identify information on quarterly results, restructuring terms, capital increases and other regulatory disclosures contained in Azul’s 6-K reports.
Azul S.A. reported record 3Q25 results and advanced its restructuring. Total operating revenue reached R$5,737.0 million, up 11.8% year over year, and EBITDA rose 20.2% to a record R$1,987.8 million, with a 34.6% margin. Operating income was R$1,270.4 million (22.1% margin). The quarter showed stronger unit economics: RASK at 44.76 R$ cents and PRASK at 41.30 R$ cents, with a record 84.6% load factor as capacity (ASK) increased 7.1%.
Immediate liquidity was R$3.4 billion, equal to 15.9% of LTM revenue. The company accessed US$1.1 billion of its DIP financing, using US$910 million to repay debts and adding US$200 million to liquidity. Restructuring milestones included a global settlement with the UCC, court approval of the disclosure statement to solicit votes, and approval of a Backstop Commitment Agreement for US$650 million. Azul also signed equity investment agreements with United Airlines and American Airlines totaling US$200 million. Leverage stood at 5.1x net debt/LTM EBITDA, with the plan projecting 2.5x upon emergence, which management targets by February 2026.
Azul S.A. reported progress in its Chapter 11 process after the U.S. Bankruptcy Court for the Southern District of New York approved its disclosure statement, allowing the Company to begin soliciting votes on its plan of reorganization. The Court also approved a Backstop Commitment Agreement under which certain parties have committed to provide US$650 million to support the Company’s planned capitalization.
Revised versions of the plan, disclosure statement, and the backstop agreement are available via the case website. Azul stated it will continue to inform stakeholders of material developments in accordance with applicable laws and regulations.
Azul S.A. announced an agreement with the Official Committee of Unsecured Creditors and a secured noteholder ad hoc group supporting its Chapter 11 plan of reorganization. General Unsecured Creditors may elect either their pro rata share of up to US$20 million in cash or an interest in a GUC Trust.
The GUC Trust package includes (i) warrants struck at an equity value of US$3.8 billion for up to 5.5% of the company’s equity upon emergence, (ii) rights to receive three annual payments of up to US$6.5 million each contingent on financial targets at the end of 2027, 2028, and 2029, and (iii) US$2.5–US$5 million to cover trustee and administrative expenses. The number of warrants contributed will be reduced to the extent cash recoveries are elected.
Azul also plans a convenience class and has filed a revised Plan and Disclosure Statement with the U.S. Bankruptcy Court. The company emphasized that Disclosure Statement figures are solely for Chapter 11 purposes and are not guidance or investment recommendations.
Azul S.A. (AZULQ) filed a Form 6-K noting it presented monthly operating reports to the U.S. Bankruptcy Court for the Southern District of New York as part of its previously announced Chapter 11 process and disclosed preliminary, unaudited consolidated results for September 2025.
For the period from September 1–30, 2025, total operating revenue was R$1,831.3 million. Adjusted EBITDA was R$613.8 million with an Adjusted EBITDA margin of 33.5%, and operating income was R$376.7 million with an operating margin of 20.6%. The company reported cash, cash equivalents and short‑term investments of R$795.91 million, and accounts receivable of R$2,647.62 million. Results are adjusted for non‑recurring restructuring items and remain preliminary and unaudited.
Azul plans to issue a press release with each monthly operating report during the restructuring and will continue publishing reviewed quarterly and audited annual financial statements under CVM and SEC rules.
Azul S.A. filed a Form 6-K updating the market on its U.S. Chapter 11 process and released an updated Business Plan. The plan outlines network and capacity strategy plus estimated cost-saving initiatives achieved during restructuring, and states Azul expects to emerge with less overall debt, lower lease liabilities and aircraft lease payments, and considerably lower leverage, including an estimated net leverage of 2.5x at emergence.
Azul noted ongoing negotiations with certain aircraft and engine manufacturers (OEMs) and fleet lessors and expressed confidence in concluding them in the coming weeks. The company also disclosed preliminary, unaudited consolidated financial information for 3Q25, prepared for Chapter 11 requirements and not directly comparable to prior financial statements. Materials are available on Azul’s investor website; the information does not constitute guidance and is subject to risks and uncertainties.
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