Azul Airlines estimates a R$3 million cash burn per day until the end of this year despite the projections showing a robust liquidity until the end of 2021.
The company says that in July, the end of second quarter, the liquidity position with cash and equivalents, short term investments and accounts receivable was R$2,3 billion, compared to R$2,2 billion at the end of the first quarter.
Azul estimates a cash position of R$2 billion by the end of second quarter. The company had estimated a daily cash burn between R$3 and R$4 million in may and June but ended up increasing its cash position in the same period.
