GOL discloses preliminary traffic figures for September 2020

Rhea-AI Summary

GOL Linhas Aéreas reported preliminary air traffic figures for September 2020, showcasing a 36% increase in demand (RPK) and a 35% rise in supply (ASK) compared to August 2020, achieving an 80% domestic load factor. Despite these improvements, total departures fell by 62.7% YoY to 8,119, with a significant reduction in passengers and seats available. Notably, GOL did not operate regular international flights, reflecting ongoing challenges in the airline industry. On-time departures improved to 97.2%, highlighting operational efficiencies amidst a tough environment.

Positive

• 36% increase in demand (RPK) compared to August 2020.
• 80% domestic load factor indicates strong capacity utilization.
• On-time departures improved to 97.2%, enhancing operational reliability.

Negative

• Total departures decreased by 62.7% YoY.
• Passenger numbers down 62.7% YoY, indicating reduced travel demand.
• No international flights operated, reflecting market constraints.

SÃO PAULO, Oct. 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 September 2020, compared to the same period in 2019.

During September, GOL operated an average of 270 flights per day, reopened three bases (Juiz de Fora, Londrina and Presidente Prudente) and added 1,383 frequencies at the Guarulhos and Congonhas (São Paulo), Santos Dumont and Galeão (Rio de Janeiro), Fortaleza (Ceará) and Salvador (Bahia) airports. GOL remains disciplined in its leadership of the market.

September/20 x August/20 Highlights:  

• In the domestic market in September 2020, demand (RPK) for GOL's flights was up by 36% over August 2020 and supply (ASK) increased by 35% over August 2020. GOL's domestic load factor was 80% in September.
• GOL did not operate regular international flights during the month.

September/20 Preliminary Traffic Figures:

	Monthly Traffic Figures (¹)			Quarter Traffic Figures(¹)			Accumulated Traffic Figures (¹)
Operating data *	Sep/20	Sep/19	% Var.	3Q20	3Q19	% Var.	9M20	9M19	% Var.
Total GOL
Departures	8,119	21,791	-62.7%	19,338	68,579	-71.8%	87,440	191,149	-54.3%
Seats (thousand)	1,423	3,835	-62.9%	3,360	12,054	-72.1%	15,015	33,431	-55.1%
ASK (million)	1,687	4,212	-60.0%	3,992	13,406	-70.2%	17,444	37,811	-53.9%
RPK (million)	1,349	3,422	-60.6%	3,166	11,114	-71.5%	13,886	31,056	-55.3%
Load factor	80.0%	81.2%	-1.3 p.p	79.3%	82.9%	-3.6 p.p	79.6%	82.1%	-2.5 p.p
Pax on board (thousand)	1,119	2,997	-62.7%	2,604	9,689	-73.1%	11,577	26,776	-56.8%
Domestic GOL
Departures	8,119	20,313	-60.0%	19,338	63,936	-69.8%	83,048	178,133	-53.4%
Seats (thousand)	1,423	3,580	-60.3%	3,360	11,250	-70.1%	14,264	31,176	-54.2%
ASK (million)	1,687	3,612	-53.3%	3,992	11,494	-65.3%	15,659	32,263	-51.5%
RPK (million)	1,349	2,960	-54.4%	3,166	9,618	-67.1%	12,596	26,783	-53.0%
Load factor	80.0%	82.0%	-2.1 p.p	79.3%	83.7%	-4.4 p.p	80.4%	83.0%	-2.6 p.p
Pax on board (thousand)	1,119	2,822	-60.3%	2,604	9,124	-71.5%	11,083	25,147	-55.9%
International GOL
Departures	0	1,478	N.A.	0	4,643	N.A.	4,392	13,016	-66.3%
Seats (thousand)	0	255	N.A.	0	804	N.A.	751	2,255	-66.7%
ASK (million)	0	600	N.A.	0	1,912	N.A.	1,784	5,548	-67.8%
RPK (million)	0	462	N.A.	0	1,497	N.A.	1,290	4,273	-69.8%
Load factor	0	76.9%	N.A.	0	78.3%	N.A.	72.3%	77.0%	-4.7 p.p
Pax on board (thousand)	0	175	N.A.	0	566	N.A.	494	1,629	-69.7%
On-time Departures	97.2%	90.3%	6.9 p.p	96.7%	91.2%	5.5 p.p	95.3%	90.5%	4.8 p.p
Flight Completion	98.9%	98.3%	0.6 p.p	98.1%	98.8%	-0.7 p.p	96.7%	97.6%	-0.9 p.p
Cargo Ton	2.5	8.1	-69.2%	6.4	24.7	-74.2%	30.0	73.0	-58.9%
* 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 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 preliminary air traffic figures for September 2020?

GOL recorded 8,119 total departures in September 2020, down 62.7% YoY.

How did GOL's load factor perform in September 2020?

The domestic load factor for GOL was 80% in September 2020.

What growth did GOL experience in RPK for September 2020?

GOL's RPK increased by 36% compared to August 2020.

Did GOL operate international flights in September 2020?

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

How did GOL's on-time departure rate change in September 2020?

GOL's on-time departure rate improved to 97.2% in September 2020.