Welcome to our dedicated page for GOL news (Ticker: GOL), a resource for investors and traders seeking the latest updates and insights on GOL stock.
News and market communications about GOL Linhas Aéreas Inteligentes S.A. (GOL) focus on its role as a Brazilian airline in scheduled passenger air transportation, its financial restructuring, and the performance of its passenger, loyalty and cargo businesses. The company describes itself as a leading domestic airline in Brazil and part of the Abra Group, with a low-cost model based on a standardized Boeing 737 fleet.
Investors and observers following GOL news will see regular earnings releases covering the passenger business, the Smiles loyalty program and the GOLLOG cargo unit. These updates typically discuss capacity (ASK), demand (RPK), load factor, on-time performance, international route expansion, and the evolution of loyalty and cargo revenues and volumes.
Another important news theme is GOL's legal financial restructuring under the U.S. Chapter 11 process. Company announcements explain the objectives of Chapter 11, the debtor-in-possession financing commitments, and key approvals from the United States Bankruptcy Court for the Southern District of New York. These communications describe how the restructuring is intended to strengthen GOL's capital structure while operations continue.
Recent material facts and press releases also address a proposed corporate reorganization involving the merger of GOL Linhas Aéreas Inteligentes S.A. and Gol Investment Brasil S.A. into Gol Linhas Aéreas S.A., and the planned withdrawal from B3's Level 2 of Corporate Governance through a public tender offer, subject to specified conditions. For readers interested in operational metrics, restructuring milestones, and corporate governance changes, this news feed provides direct access to the company’s own descriptions of its performance and plans.
Summary not available.
Summary not available.
Summary not available.
GOL Linhas Aéreas reported strong financial results for Q1 2023, achieving a record recurring EBITDA of
GOL Linhas Aéreas announced its fourth quarter 2022 results, highlighting a record recurring EBITDA of R$1.2 billion, the highest since 2019. The net operating revenue surged to R$4.7 billion, up 61.7% year-over-year. Despite the increase in operational efficiency, the average occupancy rate fell to 80.1%. The company reported a net income of R$230.9 million, resulting in R$0.55 per share. GOL's total liquidity reached R$4.1 billion, up 11.7% from the previous quarter. The CEO emphasized the focus on cost control and increasing margins and hinted at further productivity improvements in the upcoming year.
GOL Linhas Aéreas, Brazil's largest domestic airline, has updated its financial outlook for 2023. This preliminary and unaudited guidance reflects revisions in expected supply levels due to the recovery in corporate demand and impacts from global aircraft delivery schedules.
Key metrics include:
- Total operational fleet: 114-118 (revised from 118-122)
- Net revenues: Estimated at R$19.5 billion (down from R$20 billion)
- Average load factor: ~81% (up from ~80%)
- Fuel price: Estimated at ~R$5.4/liter (up from ~R$5.3)
- EBITDA margin: ~24% (unchanged)
This guidance may be adjusted based on operational performance and economic conditions.
On February 6, 2023, GOL Linhas Aéreas (NYSE: GOL) reported preliminary air traffic figures for January 2023. The airline saw a 6.2% increase in total supply (ASK) and an 8.9% rise in total demand (RPK), with a load factor of 84.7%. Domestic supply decreased by 3.0%, while demand slightly increased by 0.3%. Internationally, GOL's supply reached 1,175 million ASK and demand 396 million RPK, yielding a 77.5% load factor. Overall, GOL's operational performance indicates significant growth in passenger traffic and operational efficiency compared to January 2022.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) projects a significant revenue increase of approximately 32% for 2023, driven by domestic air travel demand of 100 billion RPKs. The company plans to operate an average of 120 aircraft and expects to end the year with 53 Boeing MAX aircraft, contributing to lower costs and carbon emissions. Additionally, GOL anticipates R$4.5 billion in operating cash flow, with stable liquidity compared to year-end 2022. This outlook remains preliminary and unaudited.
GOL Linhas Aéreas Inteligentes provides a preliminary update for 4Q22, anticipating a loss per share of R$2.3 and US$1.2 per American Depositary Share. An estimated EBITDA margin of around 20% is expected. Passenger revenue (PRASK) is projected to rise 20% year-over-year, supported by strong leisure travel recovery. Although non-fuel costs (CASK Ex-Fuel) may drop by 12%, fuel costs (CASK Fuel) are expected to increase by 42%. Liquidity is anticipated at R$3.6 billion, and the net debt/EBITDA ratio is approximately 10x.
On January 3, 2023, GOL Linhas Aéreas Inteligentes announced its preliminary air traffic figures for December 2022, revealing a 21.1% increase in total supply (ASK) compared to December 2021. The load factor was reported at 77.9%, down 4 percentage points year-over-year. Domestic flights saw a 10.0% increase in supply and 5.6% in demand, while international flights had a load factor of 71.4%. Total departures rose 16.4% to 20,907, with 3,649 thousand seats available, marking a 16.5% increase. The report indicates strong domestic recovery but highlights a decrease in load factors and international performance.
