GOL discloses preliminary traffic figures for July 2020

Rhea-AI Summary

GOL Linhas Aéreas reported its preliminary air traffic figures for July 2020, revealing significant year-over-year declines. The airline operated 5,420 departures, down 78% from July 2019, with a total of 917,000 seats, reflecting a 78.9% drop. Demand (RPK) fell 80.2%, resulting in a load factor of 78.1%, down 6.6 percentage points. However, there was a notable month-over-month improvement, with a 114% increase in demand and a 117% rise in supply compared to June 2020. GOL did not operate international flights during July.

Positive

• 114% increase in domestic demand (RPK) over June 2020.
• 117% increase in supply (ASK) over June 2020.
• On-time departures improved to 96.7%, up 5.4 p.p from June.

Negative

• Total departures decreased by 78% compared to July 2019.
• Domestic load factor fell to 78.1%, down 6.6 p.p from 2019.
• Significant year-over-year declines in capacity and demand metrics.

SÃO PAULO, Aug. 5, 2020 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's largest domestic airline, announces today preliminary air traffic figures for the month of July 2020, compared to the same period in 2019.

During July, GOL increased its network to approximately 200 flights per day, reopened bases in Viracopos (São Paulo), Santarém (Pará), Uberlândia (Minas Gerais) and Vitória da Conquista (Bahia), and increased frequencies in Brazil's main hubs at the Guarulhos (São Paulo), Brasília and Galeão (Rio de Janeiro) airports.  GOL remains disciplined it its leadership of the equilibrium between supply and demand.

July/20 x June/20 Highlights:

• In the domestic market in July 2020, demand (RPK) for GOL's flights was up by 114% over June 2020 and supply (ASK) increased by 117% over June 2020. GOL's domestic load factor was 78.1% in July.
• GOL did not operate regular international flights during the month.

July/20 Preliminary Traffic Figures:

	Monthly Traffic Figures (¹)			Accumulated Traffic Figures(¹)			LTM Traffic Figures (¹)
Operating data *	Jul/20	Jul/19	% Var.	7M20	7M19	% Var.	Jul/20 LTM	Jul/19 LTM	% Var.
Total GOL
Departures	5,420	24,620	-78.0%	73,522	147,190	-50.0%	185,709	250,697	-25.9%
Seats (thousand)	917	4,338	-78.9%	12,572	25,715	-51.1%	32,431	43,798	-26.0%
ASK (million)	1,059	4,930	-78.5%	14,510	29,335	-50.5%	36,243	49,529	-26.8%
RPK (million)	827	4,177	-80.2%	11,547	24,119	-52.1%	29,291	40,323	-27.4%
Load factor	78.1%	84.7%	-6.6 p.p	79.6%	82.2%	-2.6 p.p	80.8%	81.4%	-0.6 p.p
Pax on board (thousand)	692	3,574	-80.6%	9,665	20,660	-53.2%	25,441	34,896	-27.1%
Domestic GOL
Departures	5,420	22,997	-76.4%	69,130	137,194	-49.6%	174,296	234,885	-25.8%
Seats (thousand)	917	4,056	-77.4%	11,821	23,982	-50.7%	30,469	41,038	-25.8%
ASK (million)	1,059	4,252	-75.1%	12,726	25,021	-49.1%	31,645	42,763	-26.0%
RPK (million)	827	3,633	-77.2%	10,257	20,798	-50.7%	25,880	35,195	-26.5%
Load factor	78.1%	85.4%	-7.3 p.p	80.6%	83.1%	-2.5 p.p	81.8%	82.3%	-0.5 p.p
Pax on board (thousand)	692	3,370	-79.4%	9,171	19,393	-52.7%	24,103	32,874	-26.7%
International GOL
Departures	0	1,623	N.A.	4,392	9,996	-56.1%	11,413	15,812	-27.8%
Seats (thousand)	0	282	N.A.	751	1,733	-56.7%	1,962	2,760	-28.9%
ASK (million)	0	678	N.A.	1,784	4,314	-58.6%	4,598	6,766	-32.0%
RPK (million)	0	545	N.A.	1,290	3,321	-61.2%	3,410	5,128	-33.5%
Load factor	0	80.3%	N.A.	72.3%	77.0%	-4.7 p.p	74.2%	75.8%	-1.6 p.p
Pax on board (thousand)	0	204	N.A.	494	1,267	-61.0%	1,337	2,021	-33.8%
On-time Departures	96.7%	91.2%	5.4 p.p	95.0%	89.6%	5.3 p.p	92.2%	90.1%	2.0 p.p
Flight Completion	96.7%	99.1%	-2.3 p.p	96.1%	98.4%	-2.2 p.p	97.3%	98.4%	-1.1 p.p
Cargo Ton	2.0	8.1	-75.6%	25.6	56.4	-54.6%	69.1	103.7	-33.4%

* Source: Agência Nacional de Aviação Civil (ANAC) and the Company for the current month.
(1) Preliminary Figures

GOL Investor Relations 
ri@voegol.com.br 
www.voegol.com.br/ir 
+55 (11) 2128-4700

About GOL Linhas Aéreas Inteligentes S.A. ("GOL")

GOL serves more than 36 million passengers annually. With Brazil's largest network, GOL offers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States. GOLLOG's cargo transportation and logistics business serves more than 3,400 Brazilian municipalities and more than 200 international destinations in 95 countries. SMILES allows over 16 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in São Paulo, GOL has a team of approximately 16,000 highly skilled aviation professionals and operates a fleet of 130 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 19-year safety record. GOL has invested billions of Reais in facilities, products and services and technology to enhance the customer experience in the air and on the ground. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ir.

 

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SOURCE GOL Linhas Aéreas Inteligentes S.A.

FAQ

What were GOL's air traffic figures for July 2020?

GOL operated 5,420 departures in July 2020, down 78% from July 2019.

How did GOL's domestic load factor in July 2020 compare to July 2019?

The domestic load factor in July 2020 was 78.1%, a decline of 6.6 percentage points from the previous year.

What improvements did GOL see in July 2020 compared to June 2020?

GOL experienced a 114% increase in domestic demand and a 117% increase in supply from June 2020.

Did GOL operate any international flights in July 2020?

No, GOL did not operate regular international flights during July 2020.