Azul Drops 30% as Bankruptcy Exit Dilutes Shareholders

2026-02-19 - 18:43

Key Points — Azul shares plunged over 30% Thursday after the airline completed a R$4.98 billion (~$900 million) share offering and approved a capital increase — the final step before exiting U.S. bankruptcy protection — The offering issued roughly 45.5 trillion new shares at a 30% discount, diluting existing shareholders by approximately 80% and lifting