GOL discloses preliminary traffic figures for November 2020

Rhea-AI Summary

GOL Linhas Aéreas, Brazil's leading domestic airline, announced its preliminary air traffic figures for November 2020, highlighting a 5% increase in demand, despite a 3% decline in supply from October. The airline operated an average of 369 flights daily, achieving a load factor of 84.5%. Key metrics reveal a dramatic year-over-year decline: total departures fell by 49.1%, and passenger numbers decreased by 47.5%, while international operations were halted. However, GOL's on-time departure rate improved to 93.5%. These figures reflect ongoing challenges amid the pandemic.

Positive

• 5% increase in domestic demand (RPK) over October 2020.
• Average load factor of 84.5% in November, up 3.7 p.p from 2019.
• Improved on-time departure rate of 93.5%.

Negative

• Total departures down by 49.1% year-over-year.
• Passenger numbers dropped by 47.5% compared to November 2019.
• No regular international flights operated in November.

SÃO PAULO, Dec. 3, 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 November 2020, compared to the same period in 2019.

During November, GOL operated an average of 369 flights per day and increased frequencies at the Congonhas (São Paulo), Santos Dumont (Rio de Janeiro) and Salvador (Bahia) airports. GOL remains disciplined in the maintenance of supply-demand equilibrium, reinforcing its leadership of the market.

November/20 x October/20 Highlights:  

• In the domestic market in November 2020, demand (RPK) for GOL's flights was up by 5% over October 2020 and supply (ASK) decreased by 3% over October 2020. GOL's domestic load factor was 84.5% in November.
• GOL did not operate regular international flights during the month.

November/20 Preliminary Traffic Figures:

	Monthly Traffic Figures (¹)			Accumulated Traffic Figures(¹)			LTM Traffic Figures (¹)
Operating data *	Nov/20	Nov/19	% Var.	11M20	11M19	% Var.	Nov/20 LTM	Nov/19 LTM	% Var.
Total GOL
Departures	11,068	21,730	-49.1%	109,766	234,656	-53.2%	134,487	257,706	-47.8%
Seats (thousand)	1,948	3,887	-49.9%	18,946	41,213	-54.0%	23,307	45,242	-48.5%
ASK (million)	2,254	4,198	-46.3%	22,015	46,220	-52.4%	26,862	50,929	-47.3%
RPK (million)	1,904	3,391	-43.8%	17,593	37,888	-53.6%	21,568	41,824	-48.4%
Load factor	84.5%	80.8%	3.7 p.p	79.9%	82.0%	-2.1 p.p	80.3%	82.1%	-1.8 p.p
Pax on board (thousand)	1,604	3,053	-47.5%	14,700	32,916	-55.3%	18,219	36,229	-49.7%
Domestic GOL
Departures	11,068	20,519	-46.1%	105,374	219,127	-51.9%	128,607	240,773	-46.6%
Seats (thousand)	1,948	3,678	-47.0%	18,195	38,523	-52.8%	22,303	42,311	-47.3%
ASK (million)	2,254	3,712	-39.3%	20,230	39,680	-49.0%	24,490	43,731	-44.0%
RPK (million)	1,904	3,036	-37.3%	16,304	32,885	-50.4%	19,839	36,316	-45.4%
Load factor	84.5%	81.8%	2.7 p.p	80.6%	82.9%	-2.3 p.p	81.0%	83.0%	-2.0 p.p
Pax on board (thousand)	1,604	2,913	-44.9%	14,206	30,995	-54.2%	17,535	34,124	-48.6%
International GOL
Departures	0	1,211	N.A.	4,392	15,529	-71.7%	5,880	16,933	-65.3%
Seats (thousand)	0	209	N.A.	751	2,690	-72.1%	1,004	2,932	-65.7%
ASK (million)	0	485	N.A.	1,784	6,540	-72.7%	2,372	7,198	-67.0%
RPK (million)	0	355	N.A.	1,290	5,003	-74.2%	1,729	5,509	-68.6%
Load factor	0	73.2%	N.A.	72.3%	76.5%	-4.2 p.p	72.9%	76.5%	-3.6 p.p
Pax on board (thousand)	0	141	N.A.	494	1,920	-74.3%	684	2,106	-67.5%
On-time Departures	93.5%	85.0%	8.5 p.p	95.3%	90.2%	5.1 p.p	94.1%	89.6%	4.5 p.p
Flight Completion	99.1%	99.4%	-0.3 p.p	97.1%	97.9%	-0.8 p.p	97.3%	98.0%	-0.7 p.p
Cargo Ton	3.5	9.0	-61.3%	36.8	90.5	-59.3%	46.2	100.6	-54.1%

* 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 15,000 highly skilled aviation professionals and operates a fleet of 127 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 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 November 2020?

GOL reported a 5% increase in domestic demand, but total departures fell by 49.1% year-over-year.

What was GOL's load factor in November 2020?

The load factor for GOL in November 2020 was 84.5%, an increase from 80.8% in 2019.

Did GOL operate international flights in November 2020?

GOL did not operate any regular international flights during November 2020.

How many flights did GOL operate daily in November 2020?

GOL operated an average of 369 flights per day in November 2020.

What was the trend in GOL's passenger numbers in November 2020?

Passenger numbers in November 2020 decreased by 47.5% compared to the same month in 2019.