GOL announces 3Q24 Earnings Result
GOL Airlines reported its Q3 2024 results, highlighting significant operational achievements. The company maintained its position as the #1 low-cost airline globally in on-time performance for four consecutive months and led Brazil's on-time performance for seven months straight. Capacity increased by 20.9% compared to the previous quarter and 6.7% year-over-year. The Smiles loyalty program showed strong growth with 23.6 million total customers (+6.6% YoY) and 1.1 million Club subscribers (+9.3% YoY). GOLLOG, the cargo business, demonstrated robust performance with a 33.7% increase in sales and 38.4% growth in tons transported for the first nine months of 2024.
GOL Airlines ha presentato i risultati del terzo trimestre 2024, evidenziando importanti risultati operativi. L'azienda ha mantenuto la sua posizione di prima compagnia a basso costo a livello globale per puntualità per quattro mesi consecutivi e ha guidato la puntualità in Brasile per sette mesi di fila. La capacità è aumentata del 20,9% rispetto al trimestre precedente e del 6,7% su base annua. Il programma di fidelizzazione Smiles ha mostrato una forte crescita con 23,6 milioni di clienti totali (+6,6% rispetto all'anno precedente) e 1,1 milioni di abbonati al Club (+9,3% rispetto all'anno precedente). GOLLOG, il business della cargo, ha dimostrato una robusta performance con un aumento delle vendite del 33,7% e una crescita del 38,4% in tonnellate trasportate nei primi nove mesi del 2024.
GOL Airlines ha presentado los resultados del tercer trimestre de 2024, destacando logros operativos significativos. La compañía mantuvo su posición como la aerolínea de bajo costo número 1 a nivel mundial en puntualidad durante cuatro meses consecutivos y lideró la puntualidad en Brasil durante siete meses seguidos. La capacidad aumentó un 20,9% en comparación con el trimestre anterior y un 6,7% en comparación interanual. El programa de fidelización Smiles mostró un fuerte crecimiento con 23,6 millones de clientes totales (+6,6% interanual) y 1,1 millones de suscriptores al Club (+9,3% interanual). GOLLOG, el negocio de carga, demostró un sólido desempeño con un aumento del 33,7% en ventas y un crecimiento del 38,4% en toneladas transportadas durante los primeros nueve meses de 2024.
GOL Airlines는 2024년 3분기 실적을 발표하며 중요한 운영 성과를 강조하였습니다. 이 회사는 4개월 연속 세계적으로 가장 높은 정시 성과를 기록하며, 브라질에서 7개월 연속으로 정시 성과를 선도하였습니다. 이전 분기 대비 20.9%, 전년 대비 6.7%의 용량 증가가 있었습니다. Smiles 로열티 프로그램은 2360만 고객(+6.6% 전년 대비)과 110만 클럽 회원(+9.3% 전년 대비)으로 강력한 성장을 보였습니다. GOLLOG은 화물 사업 부문으로, 2024년 첫 아홉 달간 매출 33.7% 증가 및 운송된 톤수 38.4% 증가라는 견고한 성과를 나타냈습니다.
GOL Airlines a publié ses résultats du troisième trimestre 2024, mettant en avant des réalisations opérationnelles significatives. La société a maintenu sa position en tant que première compagnie aérienne à bas prix au monde en termes de ponctualité pendant quatre mois consécutifs et a dominé la ponctualité au Brésil pendant sept mois d'affilée. La capacité a augmenté de 20,9 % par rapport au trimestre précédent et de 6,7 % d'une année sur l'autre. Le programme de fidélité Smiles a montré une forte croissance avec 23,6 millions de clients au total (+6,6% d'une année sur l'autre) et 1,1 million d'abonnés au Club (+9,3% d'une année sur l'autre). GOLLOG, l'activité de fret, a affiché de solides performances avec une augmentation des ventes de 33,7 % et une croissance de 38,4 % des tonnes transportées au cours des neuf premiers mois de 2024.
GOL Airlines hat die Ergebnisse für das dritte Quartal 2024 veröffentlicht und dabei bedeutende betriebliche Erfolge hervorgehoben. Das Unternehmen behielt für vier aufeinanderfolgende Monate seinen Platz als die weltweit führende Low-Cost-Airline in der Pünktlichkeit und führte die Pünktlichkeit in Brasilien sieben Monate in Folge an. Die Kapazität stieg im Vergleich zum Vorquartal um 20,9% und im Jahresvergleich um 6,7%. Das Smiles Treueprogramm zeigte ein starkes Wachstum mit insgesamt 23,6 Millionen Kunden (+6,6% im Jahresvergleich) und 1,1 Millionen Club-Abonnenten (+9,3% im Jahresvergleich). GOLLOG, das Frachtgeschäft, verzeichnete eine robuste Leistung mit einem Umsatzanstieg von 33,7% und einem Wachstum von 38,4% an transportierten Tonnen in den ersten neun Monaten des Jahres 2024.
- 20.9% increase in capacity (ASK) in Q3 2024 vs Q2 2024
- 14.4% growth in Smiles' total sales year-over-year
- 33.7% increase in GOLLOG sales for 9M24
- 38.4% growth in total tons transported for 9M24
- 84.4% expansion in Mercado Livre cargo operation
- None.
Insights
GOL's Q3 2024 results showcase notable operational improvements and strategic expansion. The 20.9% quarter-over-quarter capacity increase and 6.7% year-over-year growth in ASK indicate strong recovery momentum. The loyalty program Smiles demonstrates robust performance with 14.4% YoY sales growth and an impressive customer base of 23.6 million. GOLLOG's cargo business shows exceptional growth with a 33.7% increase in sales for 9M24 and an 84.4% expansion in Mercado Livre operations. These metrics suggest effective execution of GOL's diversification strategy across passenger, loyalty and cargo segments. The planned international route expansion and consistent operational excellence (ranked #1 in on-time performance) position the company well for sustained growth. However, the release lacks important financial metrics like revenue, profit margins and debt levels, making it difficult to fully assess the company's financial health.
SÃO PAULO, Nov. 13, 2024 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), one of the leading airlines in
Highlights
GOL – Passenger Business
- #1 low-cost airline in the world in on-time performance for the fourth consecutive month and, for the seventh consecutive month, the leader in on-time performance in
Brazil . 20.9% increase in capacity in the 3Q24, measured in seat kilometers offered (ASK), compared to the previous quarter (+6.7% 3Q24 vs 3Q23), in line with our capacity recovery plan.- Folha Top of Mind 2024 award winner for the eighth consecutive year, showcasing GOL as the airline most remembered by Brazilians.
GOL continues to expand its international footprint. New international route Brasília-Bogotá scheduled to start in February 2025, in addition to the return of direct flights between
Smiles – Loyalty Program
- The program celebrated its 30th year with more than 1.1 million customers subscribed to the Smiles Club, GOL's subscription service, a
9.3% growth (3Q24 vs 3Q23). 14.4% growth in Smiles' total sales year-over-year (3Q24 vs 3Q23) and7.1% growth in the year-to-date 2024 compared to 2023 (9M24 vs 9M23).- Total customers reached 23.6 million, a
6.6% growth (3Q24 vs 3Q23), reinforcing Smiles as the largest loyalty program among Brazilian airlines. - Smiles more than doubled the volume of miles redeemed outside of air travel products in the 3Q24 vs 3Q23, reinforcing its strategy of being the most complete travel platform.
GOLLOG – Cargo Business
33.7% increase in GOLLOG sales of the 9M24 (vs 9M23).38.4% growth in total tons transported in the 9M24 (vs 9M23).84.4% expansion in the Mercado Livre cargo operation of the 9M24 (vs 9M23).
FULL EARNINGS RELEASE & PRESENTATION
Access the earnings release, presentation and full financial statements at: www.voegol.com.br/ir
3Q24 Conference Call: November 13, 2024, 07:30 am (
(https://mzgroup.zoom.us/webinar/register/WN_l5HqtO24Tj2-gMqUhiwcBA#/registration).
Investor Relations: ir@voegol.com.br
About GOL Linhas Aéreas Inteligentes S.A.
GOL is a leading domestic airline in
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SOURCE GOL Linhas Aéreas Inteligentes S.A.
FAQ
What was GOL's capacity growth in Q3 2024?
How many customers does GOL's Smiles loyalty program have in Q3 2024?
What was GOLLOG's sales growth in the first nine months of 2024?
What new international routes is GOL launching?
