📰 What This Document Is

This filing is an SEC Form 6-K, which is used by foreign private issuers (like Azul S.A.) to report material information to U.S. investors. Think of it as a quarterly or ad-hoc update that provides important facts that haven't been covered in a standard annual report. 📬 The document was filed on April 20, 2026, and focuses entirely on updates related to a specific corporate action: the proposed cancellation of subscription warrants.

👉 What this means for you: The central message is that Azul and the Brazilian stock exchange, B3, have agreed to pause a planned corporate restructuring (the cancellation of warrants) until they can figure out the best way to proceed while respecting ongoing legal constraints.

✈️ Who Is Azul S.A.?

Azul S.A. is one of the major airlines in Brazil, establishing its size and presence within the highly competitive Latin American aviation market. The company is noted for being the largest airline in Brazil when measured by the sheer number of departures and destinations served. 🌐

👉 Scale and Reach: The airline operates a substantial network, boasting a fleet of over 180 aircraft and maintaining a presence across 250 non-stop routes to more than 137 destinations. They employ more than 14,000 crew members, underscoring their significant operational scale. 👉 Market Recognition: The company’s commitment to service was highlighted in 2020 when it was awarded "best airline in the world" by TripAdvisor, marking a significant milestone for a Brazilian Flag Carrier.

⏸️ Suspension of Warrants Cancellation Process

This section contains the core news of the filing: Azul has decided to temporarily halt the complex process of canceling its subscription warrants. This decision was reached in collaboration with B3 S.A. – Brasil, Bolsa, Balcão, the Brazilian stock exchange. 🛑

👉 Key Action: Azul announced that it has opted, with B3, to suspend the process for canceling the Subscription Warrants that were previously discussed under a "Material Facts – Cancellation Process" umbrella. 👉 Why it matters: The suspension signals caution. Instead of moving forward with the cancellation, the company is prioritizing the stability of the capital markets and the protection of all stakeholders involved in the process.

⚖️ Basis for Suspension

The decision to pause the warrants cancellation process was not taken lightly; it was based on a careful assessment of legal and financial realities. Azul emphasized that their action was adopted "in good faith." 🛡️

👉 Operational Constraints: The company cited specific restrictions and limitations that govern its actions, notably including the terms of the Chapter 11 Plan approved by the competent court. 👉 Stakeholder Focus: The decision was also guided by what they believe is in the best interests of the investors, the company's other stakeholders, and the capital markets as a whole.

🚫 Impact on Trading and Next Steps

Because the warrants cancellation process is paused, the practical steps for shareholders and market participants need adjustment. ⏳

👉 Immediate Trading Status: To avoid any market confusion or harm to investors, the commencement of trading for the Subscription Warrants on B3 will remain temporarily suspended. 👉 Future Outlook: Azul confirmed that they are currently evaluating, together with B3, how to proceed with the matter. They commit to providing a further update to the market "in due course."

👥 Leadership and Investor Relations

This section provides important operational details regarding who authorized this filing and who shareholders can contact for more information. 🧑‍💼

👉 Executive Sign-Off: The report was officially signed by the Chief Financial Officer (CFO), Antônio Carlos Garcia. 👉 Shareholder Communication: Azul remains available to shareholders and investors for additional clarifications. They list specific communication channels for these inquiries, including dedicated email addresses for both investors ([email protected]) and press relations ([email protected]).

📡 Key Contacts and Resources

If you want to track the company or learn more about their operations, these are the critical resources and contact details provided in the filing. ☎️

• Investor Relations/Press Relations:
  • Tel: +55 11 4831 2880
  • Tel: +55 11 98196-1035

🧠 The Analogy

Think of the warrants cancellation like renovating a house while the owners are still living in it. You planned a massive, expensive renovation (the cancellation), but because of existing legal restrictions (like the Chapter 11 Plan) and the need to keep the family safe and stable (the best interests of stakeholders), everyone agrees to hit the pause button. Instead of bulldozing everything now, the builders (Azul and B3) will pause the work and meet again later to plan the safest, best next steps.

🧩 Final Takeaway

Azul has paused a planned corporate restructuring (warrants cancellation) due to legal and market concerns, ensuring stability for investors. The immediate result is a temporary suspension of trading, with the company promising further updates later.