Azul SA (NYSE:AZUL)
$ 2.89 -0.01 (-0.34%) Market Cap: 335.12 Mil Enterprise Value: 5.88 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 63/100

Azul S.A., XP Inc. - Special Call Transcript

Mar 24, 2020 / 01:00PM GMT
Release Date Price: $9.78 (+23.64%)
Unidentified Company Representative

Hello, good morning, everyone. This is [Leandro Santos] from XP talking to you. Thank you very much for being here with us in this morning. We are pleased to have here with us Mr. John Rodgerson and Mr. Alex Malfitani from Azul. And they will talk to you for a few minutes, around 10 or 15 minutes. And after that, we are going to have the Q&A session, so the operator will give you all the instructions after Azul's presentation, okay?

So John, if you may start this one, please.

John Peter Rodgerson
Azul S.A. - CEO & Member of Board of Executive Officers

Great. Thanks, everybody, and I appreciate your time. And I just want to apologize for the late start here. It was XP's fault, not Azul. So just to make it very clear, we're in uncertain times in the world, we're in uncertain times in Brazil, and it's a very fluid situation. I think what's happened in the last 2 to 3 weeks has been every day, there's something new. And what we found is that over the last, call it, 72 hours, it was not viable to continue to operate

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