Azul sees net debt leverage at 2.5 times when it exits Chapter 11 proceedings

Azul AZULQ:

• ESTIMATES ITS NET DEBT LEVERAGE TO BE AT 2.5 TIMES WHEN IT EXITS CHAPTER 11 PROCEEDINGS - FILING

• SEES Q3 NET OPERATIONAL REVENUE OF 5.7 BILLION REAIS IN UPDATED BUSINESS PLAN

• SEES Q3 ADJUSTED EBITDA OF 1.99 BILLION REAIS IN UPDATED BUSINESS PLAN

• SEES REVENUE CAGR OF 5.8% IN UPDATED 2025-2029 BUSINESS PLAN VERSUS 7.4% IN PREVIOUS PLAN- PRESENTATION

• SEES ADJUSTED. EBITDA CAGR OF 9.3% IN UPDATED 2025-2029 BUSINESS PLAN VERSUS 12.2% IN PREVIOUS PLAN