Azul SA annual capital expenditures (capex)
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Azul SA Capital Expenditures (CapEx) Growth & History (AZUL)
Azul SA's capital expenditures (capex) was R$198.4M for fiscal 2025.
View full Azul SA company overviewAzul SA annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | R$198.4M | −R$482.9M | −70.88% |
| 2024 | 2024-12-31 | R$681.3M | R$217.0M | +46.73% |
| 2023 | 2023-12-31 | R$464.4M | −R$159.9M | −25.61% |
| 2022 | 2022-12-31 | R$624.2M | −R$47,000 | −0.01% |
| 2021 | 2021-12-31 | R$624.3M | R$281.2M | +81.97% |
| 2020 | 2020-12-31 | R$343.1M | −R$1.08B | −75.97% |
| 2019 | 2019-12-31 | R$1.43B | R$341.5M | +31.43% |
| 2018 | 2018-12-31 | R$1.09B | R$391.4M | +56.32% |
| 2017 | 2017-12-31 | R$695.0M | R$309.2M | +80.15% |
| 2016 | 2016-12-31 | R$385.8M | −R$807.8M | −67.68% |
| 2015 | 2015-12-31 | R$1.19B | — | — |
Azul SA quarterly capital expenditures (capex)
Q1.17
Q1.18
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | R$212.9M | R$155.5M | +270.91% |
| Q1 2026 | 2026-03-31 | R$138.6M | −R$5.7M | −3.95% |
| Q4 2025 | 2025-12-31 | R$429.0M | — | — |
| Q3 2025 | 2025-09-30 | R$117.3M | — | — |
| Q2 2025 | 2025-06-30 | R$57.4M | — | — |
| Q1 2025 | 2025-03-31 | R$144.3M | — | — |
| Q1 2018 | 2018-03-31 | R$227.6M | R$81.6M | +55.89% |
| Q1 2017 | 2017-03-31 | R$146.0M | — | — |
Azul SA capital expenditures (capex) trends
Over the last five fiscal years, Azul SA's capital expenditures (capex) decreased from R$343.1M to R$198.4M, a change of −R$144.7M. The latest reported quarter, Q2 2026, shows R$212.9M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Azul SA source filings ↗