Article from Seeking Alpha about Azul Brazilian Airlines
Azul is one of the youngest Brazilian airlines, created in 2008 by JetBlue (NASDAQ:JBLU) founder David Neeleman, that has been quietly taking over the air travel industry in this very large Latin American market. Considered today the only large-scale, purely low-cost carrier in the country, Azul was the first Brazilian company to go public in both its home country and in the United States at the same time since the end of the Great Recession.
Despite its very young age, the company already has a handful of impressive numbers to boast. Azul, only the third-largest Brazilian carrier in terms of RPK (revenue passenger kilometers), is the largest company in number of departures in the country, accounting for about one-third of the total number of flights completed.