Azul S.A. Stock (AZULQ / AZUL54) After the Holiday: What Investors Need to Know Before Markets Open Dec. 26, 2025
Dec. 25, 2025 (Thursday) was a pause day for trading—but not for the story around Azul S.A., the Brazilian airline in the middle of a high-stakes recapitalization and Chapter 11 restructuring. With U.S. and Brazilian exchanges closed for Christmas Day, there was no “after the bell” reaction in the usual sense. The next real test comes tomorrow, Friday, Dec. 26, 2025, when liquidity returns and investors react to the latest restructuring mechanics, equity issuance terms, and ticker/quotation changes. Below is what matters most going into the next market open—and why headlines and price screens can be misleading right now if