GOL discloses preliminary traffic figures for June 2020

Rhea-AI Summary

GOL Linhas Aéreas announced its preliminary traffic figures for June 2020, highlighting a significant recovery in domestic demand compared to May 2020. The airline resumed operations with 100 flights daily and improved capacity in key bases. Key metrics showed domestic demand (RPK) increased by 95.4% and supply (ASK) rose by 84.8% compared to May. However, total departures decreased 86.9% from June 2019, reflecting ongoing pandemic impacts. The domestic load factor for June was 79.1%, down from 83.0% a year prior.

Positive

• Domestic demand (RPK) up by 95.4% versus May 2020.
• Increased flight network to 100 daily flights.
• Improved operational performance with 96.9% on-time departures.

Negative

• Total departures down by 86.9% compared to June 2019.
• Domestic seat capacity down by 87.0% year-over-year.
• Cargo tonnage decreased by 81.06% in June 2020.

SÃO PAULO, July 6, 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 June 2020, compared to the same period in 2019.

During June, GOL increased its network to 100 flights per day, primarily through the reopening of some bases such as Porto Seguro (Bahia), Petrolina (Pernambuco), Ilhéus (Bahia), Juazeiro do Norte (Ceará) and Chapecó (Santa Catarina), in addition to the increase in frequencies in main hubs: Guarulhos (São Paulo), Brasília and Galeão (Rio de Janeiro).

June/20 x May/20 Highlights:

• In the domestic market in June 2020, demand (RPK) was up by 95.4% over May 2020 and supply (ASK) increased by 84.8% over May 2020. GOL's domestic load factor was 79.1% in June.
• GOL did not operate regular international flights during the month.

June/20 Preliminary Traffic Figures:

	Monthly Traffic Figures (¹)	Quarterly Traffic Figures(¹)	Accumulated Traffic Figures (¹)
Operating data *	Jun/20	Jun/19	% Var.	2Q20	2Q19	% Var.	6M20	6M19	% Var.
Total GOL
Departures	2,608	19,881	-86.9%	5,146	58,799	-91.2%	68,102	122,570	-44.4%
Seats (thousand)	419	3,472	-87.9%	821	10,230	-92.0%	11,655	21,377	-45.5%
ASK (million)	487	3,881	-87.4%	990	11,365	-91.3%	13,452	24,405	-44.9%
RPK (million)	385	3,222	-88.0%	772	9,317	-91.7%	10,719	19,942	-46.2%
Load factor	79.1%	83.0%	-4.0 p.p	78.0%	82.0%	-4.0 p.p	79.7%	81.7%	-2.0 p.p
Pax on board (thousand)	319	2,793	-88.6%	626	8,137	-92.3%	8,972	17,086	-47.5%
Domestic GOL
Departures	2,608	18,465	-85.9%	5,140	54,798	-90.6%	63,710	114,197	-44.2%
Seats (thousand)	419	3,229	-87.0%	820	9,537	-91.4%	10,904	19,927	-45.3%
ASK (million)	487	3,302	-85.2%	986	9,747	-89.9%	11,667	20,769	-43.8%
RPK (million)	385	2,784	-86.2%	770	8,075	-90.5%	9,430	17,165	-45.1%
Load factor	79.1%	84.3%	-5.2 p.p	78.1%	82.8%	-4.7 p.p	80.8%	82.6%	-1.8 p.p
Pax on board (thousand)	319	2,628	-87.9%	626	7,660	-91.8%	8,478	16,023	-47.1%
International GOL
Departures	0	1,416	N.A.	6	4,001	-99.9%	4,392	8,373	-47.5%
Seats (thousand)	0	243	N.A.	1	693	-99.8%	751	1,451	-48.2%
ASK (million)	0	578	N.A.	4	1,617	-99.8%	1,784	3,636	-50.9%
RPK (million)	0	438	N.A.	2	1,242	-99.8%	1,290	2,777	-53.6%
Load factor	0	75.7%	N.A.	56.2%	76.8%	-20.6 p.p	72.3%	76.4%	-4.1 p.p
Pax on board (thousand)	0	165	N.A.	1	477	-99.9%	494	1,063	-53.5%
On-time Departures	96.9%	93.8%	3.1 p.p	96.5%	93.0%	3.5 p.p	94.7%	90.1%	4.5 p.p
Flight Completion	97.3%	98.9%	-1.6 p.p	95.8%	98.4%	-2.7 p.p	96.0%	97.0%	-1.0 p.p
Cargo Ton	1.4	7.6	-81.06%	3.5	25.0	-86.2%	23.7	48.3	-50.9%
* 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 37 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 131 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 preliminary traffic figures for June 2020?

GOL reported an 86.9% decrease in total departures compared to June 2019, although domestic demand increased by 95.4% compared to May 2020.

How did GOL's domestic load factor perform in June 2020?

GOL's domestic load factor for June 2020 was 79.1%, a decrease from 83.0% in June 2019.

What operational changes did GOL implement in June 2020?

GOL reopened several bases and increased its flight frequencies, operating 100 flights daily.

How did GOL's capacity change in June 2020 compared to June 2019?

GOL's domestic seat capacity decreased by 87.0% year-over-year.

What was the cargo performance of GOL in June 2020?

GOL's cargo tonnage dropped by 81.06% in June 2020.