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Gol Linhas Aéreas Inteligentes S.A. (GOL), based in Rio de Janeiro, Brazil, is the country’s largest low-cost airline and a leader in both the corporate and leisure segments. Since its inception in 2001, GOL has revolutionized air travel in Latin America by offering the lowest unit costs, thereby making air transportation more accessible. The company operates a standardized fleet of 143 Boeing 737 aircraft, ensuring uniformity and reliability in its services.
GOL recently extended a decade-long commercial partnership with Air France-KLM, emphasizing improved connectivity and customer experience between Europe and Brazil. This collaboration covers over 125 destinations, aiming to meet 99% of the demand between these regions. The partnership includes expanded maintenance support from Air France Industries KLM Engineering & Maintenance.
Financially, GOL has shown resilience and growth. In Q3 of 2023, the company reported an EBITDA of R$1.25 billion, with a margin of 26.8%. CEO Celso Ferrer highlighted the importance of operational reliability, contributing to a record third-quarter revenue with a 17.7% operating margin. However, in January 2024, GOL filed for Chapter 11 bankruptcy in the U.S. to restructure its finances, securing US$950 million in debtor-in-possession financing to support ongoing operations.
Despite financial restructuring, GOL continues to maintain its high standards of service. The airline’s Smiles frequent-flyer program and Gollog cargo services are integral to its business model, contributing significantly to its revenue. The company operates with a team of approximately 14,000 aviation professionals who prioritize safety, GOL's number one value.
GOL is dedicated to offering the best travel experience, boasting the largest number of seats with more space, an extensive entertainment platform with internet, movies, and live TV, and solid partnerships with major airlines like American Airlines and Air France-KLM. For further information, visit GOL Investor Relations.
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