azul 2019 results

On top of that, we have the strongest and most defensible network in Brazil being the only carrier in more than 70% of the routes we fly, which has always served us well, especially during difficult times.On Slide 4, you can see the strength of our network, which received eight new destinations in 2019. Azul S.A. 2019 Q3 - Results - Earnings Call Presentation. It was in line with the estimate that we announced earlier this year. You will not have a more dedicated management team than you have here. Founded 1927 Address Avenida San Pablo No. There are -- they withstood a lot; the health system is capable of handling these types of events. We can -- and the fact that the Brazilian economy has been structured on selling any kind of goods, including tickets in installments, have all been set up to offer these payments in installments, but also to be able to advance those receivables very easily. Right. So, we will definitely match capacity to demand. I think on day three like Wednesday two weeks ago, we already had cut about 30% of our international long-haul flying.So for example, we delayed -- we suspended Campinas to Porto in Portugal from September to March. Capex expenses consists mostly of spare parts and heavy maintenance checks.

I think you also mentioned lessor partners, which is [Phonetic] probably early in your conversations with them, but I was wondering if there's anything you can point to in terms of what we could potentially expect or perhaps even remind us about things that you've done in the past or other airlines have done in the past in terms of kind of renegotiate lease repayment with the lessors. As always, I'd like to start by thanking our crew members who work hard every day to provide our customers with the best travel experience in the industry.

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 December 2019. We have no PDP payments on aircraft capex commitments due in 2020.
I had a question just related to your accelerated fleet transformation and the impairment. Can you -- any color on that would be great.Sure. Let's conquer your financial goals together...faster. So I suspect that you're well above those thresholds that would trigger a holdback. That's obvious. Stock Market And again, just -- I don't feel any bravery, any brownie points for flying more than what's needed. So there is no financing risk and there is no significant capital outlay to take these aircraft into our network.No, that's essentially it, Mike. Again, any color? But I was wondering if you can talk about Brazilians willingness to travel either domestically, internationally? We have no significant debt repayments in 2020 as well. So, my question is related to your capacity in the Brazilian domestic market. You can actually borrow against them, [Technical Issues] on the dollar. We really trust in the lessors that we have as part of our book. So we have the flexibility to reduce capex if needed in the short term.Moving on to Slide 11. We have BRL1.7 billion in security deposits and maintenance reserves with our lessors. It's a next-generation aircraft. The first one is a follow-up on the overhead position. And so that's what we -- that's sort of the asset that we lever against in times like these, and we've done it before and are confident that we can do it now.Okay. So obviously the transmission is more in older countries, that's also to the benefit of Brazil. So that's great to hear. And we expect for this period that the slot rules will be waived. And so we actually have naturally a lot of flexibility this year in terms of how much of the capacity of the exiting airplanes we want to replace or not.Yeah, if I could just add to what Abhi said, I mean, keep in mind, we're flying our A320neos 15 hours to 16 hours a day, one of the highest in the world. And so, when we made the commitments to the E2, everything was at the other end of the extreme, right. Because things are moving so quickly and we just want to make sure we have all our ducks in a row. I know my colleagues have as well. And so we really attacked our international on all markets, Argentina as well. We're also glad to see that the vast majority of our minority shareholders approved the acceleration of our fleet transformation.

So related to maintenance checks and multi-year maintenance and engine maintenance as well of BRL330 million. We're looking at short-term frequencies, short-term cuts within the next 10 days. But any incremental shells will not be coming.Okay, good. Important to note that we are no stranger to difficult times. And so, we can choose how many of them we want to replace, right, based on what the demand scenario is.

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