**Sao Paulo-traded preferred shares in Brazilian airline Azul AZUL4.SA are up nearly 3% following improved third quarter results and fresh guidance for 2025

**Azul reports an adjusted net loss of 203.1 million reais, cutting back its losses from a 856 million-real deficit seen a year earlier

**Its earnings before interest, taxes, depreciation and amortization (EBITDA) of 1.165 billion reais in the period are up 6% year-on-year, marking a record high and surpassing market expectations

**"The beat came mainly on the back of better-than-expected unit revenues (RASK)," say Goldman Sachs analysts, calling Azul's third-quarter performance "positive"

**In its guidance for 2025, Azul says it sees an EBITDA of 7.4 billion reais next year, as well as a 1.7 billion-real capital expenditure (CAPEX)

**Azul last month reached a deal with its bondholders to obtain additional financing of up to $500 million as part of restructuring it expects to ease market concerns about its debt load.

(Reporting by Luana Maria Benedito)

((LuanaMaria.Benedito@thomsonreuters.com; +551156447723;))