GOL discloses preliminary traffic figures for March 2021

Rhea-AI Summary

GOL Linhas Aéreas reported a significant decline in air traffic for March 2021 compared to March 2020, attributed to the effects of the second wave of Covid-19. The airline operated 7,581 flights, down 52%, with a domestic load factor of 71.8%. Demand (RPK) decreased by 47.7% year-over-year, and total seats offered dropped by 50.7%. The company's operational performance reflected a continued impact from pandemic-related travel disruptions.

Despite these challenges, GOL maintained a high on-time departure rate of 97.9%.

Positive

• On-time departures improved to 97.9%, up from 96.7% in March 2020.
• Flight completion rate rose to 96.5%, reflecting operational reliability.

Negative

• Total departures fell by 52.0% year-over-year.
• Domestic demand (RPK) decreased by 47.7%, reflecting reduced ticket sales.
• Cargo tonnage declined by 41.7%, impacting revenue streams.

SÃO PAULO, April 5, 2021 /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 March 2021, compared to the same period in 2020.

During March, GOL operated an average of 245 flights per day, and adjusted frequencies to match lower demand in its hubs in Congonhas (São Paulo), Galeão (Rio de Janeiro), Brasília (Distrito Federal), Fortaleza (Ceará) and Salvador (Bahia). GOL remains disciplined in its leadership of the market.

March/21 x February/21 Highlights:  

• In the domestic market in March 2021, demand (RPK) for GOL's flights decreased 32% over February 2021 and supply (ASK) decreased by 23% over February 2021, primarily due to a reduction in the demand for airline tickets and an increase in cancellations and no-shows deriving from the effects of a second wave of Covid-19. GOL's domestic load factor was 71.8% in March.
• GOL did not operate regular international flights during the month.

March/21 Preliminary Traffic Figures:

	Monthly Traffic Figures (¹)			Quarterly Traffic Figures(¹)			LTM Traffic Figures (¹)
Operating data *	Mar/21	Mar/20	% Var.	1Q21	1Q20	% Var.	Mar/21 LTM	Mar/20 LTM	% Var.
Total GOL
Departures	7,581	15,797	-52.0%	32,689	62,956	-48.1%	94,261	258,562	-63.5%
Seats (thousand)	1,331	2,698	-50.7%	5,723	10,834	-47.2%	16,429	45,260	-63.7%
ASK (million)	1,609	3,079	-47.8%	6,976	12,462	-44.0%	19,655	50,489	-61.1%
RPK (million)	1,154	2,206	-47.7%	5,570	9,947	-44.0%	15,749	41,185	-61.8%
Load factor	71.8%	71.6%	0.2 p.p	79.8%	79.8%	0.0 p.p	80.1%	81.6%	-1.4 p.p
Pax on board (thousand)	937	1,868	-49.8%	4,485	8,346	-46.3%	12,915	35,832	-64.0%
Domestic GOL
Departures	7,581	14,783	-48.7%	32,689	58,570	-44.2%	94,255	241,531	-61.0%
Seats (thousand)	1,331	2,525	-47.3%	5,723	10,084	-43.2%	16,428	42,324	-61.2%
ASK (million)	1,609	2,666	-39.7%	6,976	10,682	-34.7%	19,652	43,599	-54.9%
RPK (million)	1,154	1,942	-40.6%	5,570	8,660	-35.7%	15,747	35,991	-56.2%
Load factor	71.8%	72.9%	-1.1 p.p	79.8%	81.1%	-1.2 p.p	80.1%	82.5%	-2.4 p.p
Pax on board (thousand)	937	1,756	-46.6%	4,485	7,853	-42.9%	12,914	33,814	-61.8%
International GOL
Departures	0	1,014	N.A.	0	4,386	N.A.	6	17,031	N.A.
Seats (thousand)	0	173	N.A.	0	750	N.A.	1	2,936	N.A.
ASK (million)	0	413	N.A.	0	1,780	N.A.	4	6,890	N.A.
RPK (million)	0	263	N.A.	0	1,288	N.A.	2	5,195	N.A.
Load factor	0	63.8%	N.A.	0	72.3%	N.A.	56.2%	75.4%	-19.2 p.p
Pax on board (thousand)	0	113	N.A.	0	493	N.A.	1	2,018	N.A.
On-time Departures	97.9%	96.7%	1.2 p.p	96.3%	92.6%	3.7 p.p	95.6%	90.3%	5.3 p.p
Flight Completion	96.5%	92.2%	4.3 p.p	98.4%	97.5%	1.0 p.p	97.6%	98.3%	-0.7 p.p
Cargo Ton (thousand)	3.6	6.2	-41.7%	10.0	20.2	-50.7%	30.7	96.9	-68.3%

* 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 14,000 highly skilled aviation professionals and operates a fleet of 127 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 20-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 March 2021?

GOL reported 7,581 departures in March 2021, a 52% decrease from March 2020.

How did GOL's load factor change in March 2021?

GOL's load factor for March 2021 was 71.8%, slightly up from 71.6% in March 2020.

What impact did Covid-19 have on GOL's air traffic in March 2021?

The second wave of Covid-19 led to a 32% decrease in demand compared to February 2021.

Did GOL operate international flights in March 2021?

GOL did not operate any regular international flights during March 2021.