Azul Q3 EBITDA R$1.2B, margin down 13.3pp to 21.4%

Azul reported Q3 EBITDA of R$1.2 billion and net revenue of R$5.6 billion, but EBITDA margin fell 13.3 percentage points to 21.4%. The margin compression signals cost pressures or operational inefficiencies, which may weigh on investor sentiment despite revenue growth.

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