v3.26.1
Consolidated Statements of Operations - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenue      
Passenger revenue R$ 19,997,726 R$ 18,123,135 R$ 17,227,728
Other revenues 1,642,667 1,403,073 1,326,697
Total revenue 21,640,393 19,526,208 18,554,425
Operating expenses      
Aircraft fuel (5,710,291) (5,583,503) (5,890,485)
Salaries and benefits (2,693,363) (2,722,872) (2,408,364)
Airport taxes and fees (1,266,186) (1,074,818) (1,059,258)
Auxiliary services for air transport (956,933) (872,481) (807,563)
Maintenance (824,058) (789,222) (898,282)
Advertising and publicity (915,442) (889,224) (779,264)
Depreciation and amortization (3,013,375) (2,563,982) (2,404,223)
Impairment and onerous contracts 0 143,790 245,636
Insurance (100,401) (79,588) (89,492)
Renegotiations – Chapter 11 181,893 0 0
Breakage – GUC – Chapter 11 1,724,867 0 0
Restructuring costs – Chapter 11 (871,028) 0 0
Other [1] (2,874,606) (1,703,676) (2,802,036)
Total operating expenses (17,318,923) (16,135,576) (16,893,331)
Operating profit 4,321,470 3,390,632 1,661,094
Financial income 904,083 239,058 220,141
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 (4,196,600) (12,580,806) (4,002,024)
Income (loss) before income tax and social contribution 124,870 (9,190,174) (2,340,930)
Current income tax and social contribution (12) (723) 0
Deferred income tax and social contribution 0 39,526 (39,526)
Income (loss) for the year R$ 124,858 R$ (9,151,371) R$ (2,380,456)
Common shares      
Operating expenses      
Basic income (loss) per common share – R$ (as adjusted, see information in note 31) (in brazilian real per share) R$ 0.16 R$ (26.32) R$ (6.85)
Diluted income (loss) per common share – R$ (as adjusted, see information in note 31) (in brazilian real per share) R$ 0.16 R$ (26.32) R$ (6.85)
[1] At December 31, 2025, consider, mainly, expenses of professional services, lawsuits, rental, ACMI and technology services.