São Paulo, December 7, 2017 – Azul S.A., “Azul”, (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of cities and departures, announces today its preliminary traffic results for November 2017.

Passenger traffic (RPKs) increased 10.2% compared to November 2016 on a capacity increase (ASKs) of 9.4%. As a result, load factor was 82.1%, 0.5 percentage points higher than in the same period last year.

Year-to-date load factor increased 2.3 percentage points over last year, reaching 81.9%. Domestic load factor was 80.1% and international was 89.9%.