Reported about 1 month ago
Azul SA shares hit a record low as the airline examines various strategies to tackle looming debt, including a potential equity offering or a Chapter 11 filing. Amidst actively pursuing a merger with Gol Linhas Aereas, Azul faces significant financial pressures, including $68.6 million in local debt due this year, and $550 million in U.S. dollar notes due over the next four years. Despite a recent financial aid proposal from Brazilian lawmakers, Azul's situation remains precarious following substantial losses and increasing leverage.
Source: YAHOO