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| # | Date | Analyst Firm | Upside/Downside | Price Target Change | Rating Change | Current Rating | 
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																	Company operations and sales continue as usual, honoring all tickets, loyalty points, travel packages and Customer benefitsSecu...
 
																	Company initiates pre-arranged restructuring process in the United States to effectuate agreements including approximately US$1...
 
																	
 
																	https://www.bloomberg.com/news/articles/2025-05-21/azul-debt-talks-accelerate-toward-financing-through-chapter-11?embedded-chec...
 
																	Barclays analyst Pablo Monsivais maintains Azul (NYSE:AZUL) with a Equal-Weight and lowers the price target from $4.5 to $0.5.
 
																	Raymond James analyst Savanthi Syth downgrades Azul (NYSE:AZUL) from Outperform to Market Perform.
 
																	
