{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NYSE/AZUL",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# AZUL SA (NYSE: AZUL) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is AZUL SA, listed on the NYSE under ticker AZUL, with ISIN US05501U6010 and LEI 2549000AMPU21PH69Q62. The security type is recorded as Non-operating entity type (other). The segment is not on the record. The sector is 4512 Air Transportation, Scheduled, and the jurisdiction is Brazil. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 119 filings in the twelve months to 2026-11-08, across 64 filing days. The median gap between filing days is 4 days. The latest filing is dated 2026-10-30 and is of type directors_dealings, 9 days before the record date. The exchange median is 6.0 days for cadence, 64.0 filings and 4.0 days latency, across 3256 issuers. The sector median is 4 days for cadence, 92 filings and 3 days latency, across 17 issuers.\n\n## Auditor\n\nThe auditor is not on the record, because the latest annual report cover carries no dei:AuditorName tag. The auditor's location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds a delisting dated 2026-07-16. The record holds listing lines dated 2026-05-26, 2026-05-27, 2026-07-06 and 2026-07-06. No name change is on the record. The domicile change is not on the record, and the segment move is not on the record. The issuer is listed and not halted.\n\n## Orderability\n\nThe outcome is not determinable, because the chapter's orderability section carries no client categories. The applicable rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 5 research houses: Bradesco, BWS Financial, Deutsche Bank, Goldman Sachs and J.P. Morgan.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is sealed for the issuer's years 2021, 2022, 2023, 2024, 2025 and 2026. The earliest sealed date for the market is 2021-01-04. The live record began on 2026-09-12.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data (identity.isin)\n- https://data.sec.gov/submissions/CIK0001432364.json (identity.jurisdiction)\n- https://api.gleif.org/api/v1/lei-records/2549000AMPU21PH69Q62 (identity.lei)\n- https://mcp.us-cm-kg.ai/events/NYSE/AZUL (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://ri.voeazul.com.br/en/investor-services/analyst-coverage/ (coverage)\n- https://mcp.us-cm-kg.ai/record/NYSE/AZUL (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "market": "US",
    "reason": "no dei:AuditorName tag on the latest annual report cover (foreign private issuers and older filings carry none)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "US",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NYSE/AZUL",
  "coverage": {
   "count": 5,
   "houses": [
    {
     "analyst": "Andre Ferreira",
     "house": "Bradesco",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Hamed Khorsand",
     "house": "BWS Financial",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Michael Linenberg",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "João Frizo",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Guilherme Mendes",
     "house": "J.P. Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/",
     "result": "read: 5 of 10 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 3256,
     "median_cadence_gap_days": 6,
     "median_filings": 64,
     "median_latency_days": 4,
     "name": "NYSE"
    },
    "sector": {
     "issuers": 17,
     "median_cadence_gap_days": 4,
     "median_filings": 92,
     "median_latency_days": 3,
     "name": "4512 Air Transportation, Scheduled"
    }
   },
   "by_type": {
    "directors_dealings": 31,
    "halt_suspension": 1,
    "prospectus": 7,
    "regulatory_filing": 24,
    "results": 56
   },
   "cadence_median_gap_days": 4,
   "filing_days": 64,
   "filings": 119,
   "latency_days": 9,
   "latest": [
    {
     "category": "3",
     "date": "2026-10-30",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000143236426000043/xslF345X06/wk-form3_1793394574.xml",
     "title": "3 — FORM 3",
     "type": "directors_dealings"
    },
    {
     "category": "6-K",
     "date": "2026-10-26",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000143236426000039/form6k-azulsecuresuptor20b.htm",
     "title": "6-K — 6-K",
     "type": "results"
    },
    {
     "category": "SCHEDULE 13D",
     "date": "2026-10-26",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000119312526431999/xslSCHEDULE_13D_X02/primary_doc.xml",
     "title": "SCHEDULE 13D",
     "type": "regulatory_filing"
    },
    {
     "category": "6-K",
     "date": "2026-10-21",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000143236426000036/form6k-exerciseofsubscript.htm",
     "title": "6-K — 6-K",
     "type": "results"
    },
    {
     "category": "424B3",
     "date": "2026-10-20",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000143236426000034/a424b3_october2026.htm",
     "title": "424B3 — 424B3",
     "type": "prospectus"
    }
   ],
   "latest_filing_date": "2026-10-30",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/AZUL",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NYSE"
   },
   "isin": {
    "read_by": "SEC Fails-to-Deliver data (CUSIP for the symbol) · ISIN = US + CUSIP + ISO 6166 check digit",
    "read_date": "2026-10-14",
    "read_date_basis": "last_seen",
    "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data",
    "state": "sourced",
    "value": "US05501U6010"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001432364.json",
    "state": "sourced",
    "value": "Brazil"
   },
   "lei": {
    "read_by": "GLEIF name-exact (suffix-insensitive) (jurisdiction US-D5; GLEIF golden copy 2026-09-12)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/2549000AMPU21PH69Q62",
    "state": "filled",
    "value": "2549000AMPU21PH69Q62"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001432364.json",
    "state": "sourced",
    "value": "AZUL SA"
   },
   "sector": {
    "read_by": "EDGAR submissions API (issuer header as filed) (SIC code as assigned by the SEC)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001432364.json",
    "state": "sourced",
    "value": "4512 Air Transportation, Scheduled"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001432364.json",
    "state": "sourced",
    "value": "Non-operating entity type (other)"
   },
   "segment": {
    "market": "US",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "AZUL"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [
    {
     "date": "2026-07-16",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000129281426003772/azul20260615_25.htm",
     "title": "25 — 25"
    }
   ],
   "domicile_change": {
    "market": "US",
    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
   },
   "listing": [
    {
     "date": "2026-05-26",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000129281426003196/azul20260406_8a12b.htm",
     "title": "8-A12B — 8-A12B"
    },
    {
     "date": "2026-05-27",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000114331326000028/AZUL052726.pdf",
     "title": "CERT — NYSE AMERICAN CERTIFICATION"
    },
    {
     "date": "2026-07-06",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000087666126000598/AZUL070626.pdf",
     "title": "CERT — NYSE CERTIFICATION"
    },
    {
     "date": "2026-07-06",
     "source": "https://www.sec.gov/Archives/edgar/data/1432364/000129281426003677/azul20260609_8a12b.htm",
     "title": "8-A12B — 8-A12B"
    }
   ],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
   }
  },
  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:7ca88cee15a46edc8fd6757eb391704116eec68d0c4eb3a71e9c9f4a5f9c9e93",
  "open_research": {
   "read_date": "2026-11-11",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
  },
  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NYSE/AZUL",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:7ca88cee15a46edc8fd6757eb391704116eec68d0c4eb3a71e9c9f4a5f9c9e93",
 "path": "/us/NYSE/AZUL",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is AZUL SA, listed on the NYSE under ticker AZUL, with ISIN US05501U6010 and LEI 2549000AMPU21PH69Q62. The security type is recorded as Non-operating entity type (other). The segment is not on the record. The sector is 4512 Air Transportation, Scheduled, and the jurisdiction is Brazil. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 119 filings in the twelve months to 2026-11-08, across 64 filing days. The median gap between filing days is 4 days. The latest filing is dated 2026-10-30 and is of type directors_dealings, 9 days before the record date. The exchange median is 6.0 days for cadence, 64.0 filings and 4.0 days latency, across 3256 issuers. The sector median is 4 days for cadence, 92 filings and 3 days latency, across 17 issuers.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record, because the latest annual report cover carries no dei:AuditorName tag. The auditor's location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds a delisting dated 2026-07-16. The record holds listing lines dated 2026-05-26, 2026-05-27, 2026-07-06 and 2026-07-06. No name change is on the record. The domicile change is not on the record, and the segment move is not on the record. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable, because the chapter's orderability section carries no client categories. The applicable rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 5 research houses: Bradesco, BWS Financial, Deutsche Bank, Goldman Sachs and J.P. Morgan.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is sealed for the issuer's years 2021, 2022, 2023, 2024, 2025 and 2026. The earliest sealed date for the market is 2021-01-04. The live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.isin",
   "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0001432364.json"
  },
  {
   "for": "identity.lei",
   "source": "https://api.gleif.org/api/v1/lei-records/2549000AMPU21PH69Q62"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/AZUL"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://ri.voeazul.com.br/en/investor-services/analyst-coverage/"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NYSE/AZUL"
  }
 ],
 "title": "AZUL SA (AZUL) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}