Blue (blue4) expects ‘best moment’ to raise more capital, says executive

Blue (blue4) expects ‘best moment’ to raise more capital, says executive

(Image: Facebook/Blue BRAZILIAN AIR LINHAS)

THE Blue (Blue4) will seek more capital to reinforce its financial position, said the chief financial officer, Alexandre Malfitani, on Wednesday (14). However, the airline will seek a more favorable window From the market for this, he added.

“It would make sense for us to bring additional capital, but we will find the right time for that,” he said at a conference after the company’s first -quarter results.

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The company reported net profit of R $ 783.1 million in 1T25, a reversal of the loss of R $ 1.1 billion registered in the same period last year. In the adjusted line, however, Azul saw the loss grow 460.4%, reaching -R $ 1.8 billion from January to March this year.

In response, the airline’s actions melt in today’s trading session. At about 3:30 pm, the papers operated at a 14%drop.

*With Reuters

Source: Moneytimes

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