Azul reducing consolidated capacity by 20%-25% in march

Azul sa - reducing consolidated capacity by 20%-25% in march and by 35% to 50% in april and beyond until coronavirus situation normalizes.azul sa - as of march 16th, all international flights, except flights leaving from campinas, will be suspended.azul sa - closing new line of credits with financial institutions to further strengthen its cash cushion.azul sa - taking several measures to reduce its fixed costs, which represent approximately 40% of total operating cost.azul sa - preemptively negotiating new payment terms with its partners.azul sa - measures to reduce fixed costs include executive management team salary cut of 25% until situation normalizes.azul sa - closing new line of credits with financial institutions to further strengthen cash cushion.azul sa - ended 2019 with r$2.8 billion in liquid assets, including cash and cash equivalents and accounts receivables.azul sa - co is suspending all new aircraft deliveries.azul sa - measures to reduce fixed costs include hiring freeze.azul sa - measures to reduce fixed costs include grounding aircraft.
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