Gol Linhas Aéreas Inteligentes S.A. - GOL STOCK NEWS

On October 27, 2022, GOL Linhas Aéreas Inteligentes provided an Investor Update, highlighting adjustments to financial forecasts due to rising jet fuel prices and current ticket sales trends. The airline aims to enhance productivity and reduce costs by transforming its fleet, projecting 30% of its fleet to consist of 737-MAX aircraft by year-end. Key metrics include total net revenues of approximately R$15.4 billion, with an average load factor expected to increase to ~81%. The company anticipates non-fuel CASK to be around ~3.7 US cents, showing an increase due to operational shifts.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) announced record results for 3Q22, achieving net revenue of R$4.0 billion, up 109% year-over-year. The airline transported 6.9 million passengers, a 39% increase from 3Q21, and reached a yield of 45 cents (R$), the highest in its history. Despite these gains, recurring net loss was R$596.2 million, with a net debt ratio of 9.1x EBITDA. GOL maintained low operating costs, demonstrating significant productivity improvements with a 41% increase in Revenue Passenger Kilometers. Overall, the results reflect a strong recovery and operational efficiency.

GOL Linhas Aéreas Inteligentes S.A. has secured US$80 million financing from Apollo PK AirFinance to acquire nine new spare engines from CFM. This acquisition includes one LEAP-1B25 and eight CFM56-7B27 engines for its Boeing 737-MAX and 737-NG fleets, expected to be delivered by the end of 2022. The financing, with a competitive all-in interest rate of approximately 7% per annum and a 5-year amortization period, enhances operational flexibility, supports fleet renewal, and lowers unit costs.

GOL Linhas Aéreas Inteligentes (NYSE: GOL) released a preliminary investor update for 3Q22, projecting a Loss Per Share of R$1.8 (US$0.7) and an EBITDA margin of approximately 15%. Passenger revenue (PRASK) is expected to increase by 45% year-on-year, driven by strong domestic leisure travel recovery. Total liquidity is projected at R$3.6 billion, amidst a significant rise in fuel costs, which is anticipated to increase by 87% year-over-year. Despite challenges, GOL's non-fuel costs are projected to decrease by 25% due to improved operational efficiency and increased aircraft utilization.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) reported significant growth in September 2022 compared to September 2021. Total supply increased by 36.9%, with demand soaring by 41.4%, yielding a load factor of 81.7%. Domestic metrics showed a 23.0% rise in supply and 27.0% in demand, while international operations saw 82.0% load factor. Key figures include 16,028 total departures and 2,211 thousands of passengers onboard. Overall, the airline continues to lead Brazil's domestic market, enhancing its operational efficiency.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) reported preliminary air traffic figures for August 2022, indicating a strong recovery compared to August 2021. Total supply (ASK) surged 43.9% and demand (RPK) increased 46.3%. The domestic segment saw significant growth with ASK up 29.7% and RPK up 31.7%, translating to a load factor of 81.4%. Internationally, GOL's load factor was 82.3%. Overall, GOL demonstrated robust operational metrics and increased departures and capacity, reaffirming its position as Brazil's leading airline.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) reported preliminary air traffic figures for July 2022.

Key highlights include:

• Total supply (ASK) rose by 42.6%, with total demand (RPK) increasing by 36.3%.
• The load factor was 80.8%, marking a 3.7 percentage point decrease compared to July 2021.
• Domestic supply (ASK) increased 31%, while domestic demand (RPK) grew by 24.1%.
• International operations reported a load factor of 88.9%.

GOL Linhas Aéreas reported strong performance in 2Q22, with net operating revenue reaching R$3.2 billion, up 215% from 2Q21. The airline transported 5.8 million passengers, more than double the amount from a year ago. Average yield per passenger soared to R$43 cents, a record high, reflecting disciplined capacity management. Recurring EBIT stood at R$50.8 million with a margin of 1.6%. However, the company faced a net loss of R$2.8 billion, primarily due to currency variations. GOL's net debt ratio improved sequentially, showing recovery signs in the EBITDA.

GOL Linhas Aéreas Inteligentes (GOL) provided an Investor Update on July 28, 2022, addressing its financial outlook amidst rising jet fuel prices. The company anticipates an increase in total revenues, projecting net revenues of R$15.4 billion for 2022, up from R$13.7 billion. GOL plans to operate 44 737-MAX aircraft by year-end, making up 32% of its fleet. However, its projections for ASKs, seats, and departures have been adjusted downwards to a range of 55-65% year-over-year. The update indicates a focus on fleet transformation while emphasizing the challenges posed by increasing operational costs.