v3.26.1
FINANCIAL RESULT (Details) - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial income      
Interest on short and long-term investments R$ 100,208 R$ 148,162 R$ 91,353
Sublease receivables 0 1,754 13,314
Debt into equity conversion 734,433 0 0
Fair value of TAP Bond 4,127 37,610 66,053
Others 65,315 51,532 49,421
Total financial income 904,083 239,058 220,141
Financial expenses      
Interest on loans and financing (2,791,669) (1,379,560) (865,107)
Interest on reverse factoring 0 (10,224) (17,010)
Interest on lease (2,675,913) (2,460,514) (2,420,557)
Interest on convertible instruments (405,207) (273,826) (242,608)
Interest accounts payable and airport taxes and fees (438,290) (328,937) (418,066)
Interest on provisions (187,372) (76,989) (257,419)
Interest on factoring credit card receivables (327,897) (327,771) (334,896)
Amortized cost of loans and financing (722,718) (113,908) (44,894)
Amortized cost of convertible instruments 0 0 (2,622)
Financial operations cost (248,969) (130,285) (84,453)
Fair value of the TAP Bond (1,056,005) (14,842) (25,736)
Restructuring of loans and financing (542,438) 0 (199,635)
Restructuring of convertible debentures (334,599) 0 (352,430)
Provision for loss on short-term investments (117,684) 0 0
Other restructuring costs (215,354) 0 0
Others (231,004) (130,558) (343,338)
Financial expenses (10,295,119) (5,247,414) (5,608,771)
Derivative financial instruments, net 986,521 317,729 (238,458)
Foreign currency exchange, net 4,207,915 (7,890,179) 1,625,064
Financial result, net R$ (4,196,600) R$ (12,580,806) R$ (4,002,024)