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

On July 11, 2022, GOL Linhas Aéreas Inteligentes S.A. announced its preliminary expectations for Q2 2022. The company forecasts a Loss Per Share of approximately R$1.80 and an EBITDA margin of about 10%. Passenger revenue is set to rise by 50% year-over-year, reflecting a robust recovery in corporate and leisure travel. However, fuel costs are anticipated to increase by 73%, impacting overall profitability. By the end of June 2022, GOL's Net Debt to EBITDA ratio stood at approximately 10x, and total liquidity is projected at R$3.6 billion.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) reported strong preliminary air traffic figures for May 2022, showing significant growth compared to May 2021. Notable highlights include a 124.5% increase in total supply (ASK), a 125.1% rise in total seats, and a 130.9% boost in departures. Total demand (RPK) saw a 97.1% increase, with a load factor of 77.3%. Domestic figures also showed strong growth, with domestic supply up 110.0% and demand up 82.3%. International operations reflected a 90.6% load factor with 200 million ASK.

GOL Linhas Aéreas Inteligentes S.A. (GOL) announced a leadership transition as CEO Paulo Kakinoff steps down to join the Board of Directors, with Celso Ferrer taking over as CEO effective July 1, 2022. Kakinoff, who has led the company since 2012, praised Ferrer's experience and competence. Ferrer, a long-time executive and Boeing 737 pilot, has held various key positions within GOL since 2003. The transition is part of a well-structured succession plan aimed at ensuring continuity in leadership and maintaining operational excellence.

On May 11, 2022, GOL Linhas Aéreas Inteligentes announced receipt of a notice from its controlling shareholder, MOBI FIA. The notice detailed a Master Contribution Agreement with major shareholders of Avianca Holding. Under this agreement, MOBI FIA will exchange its GOL shares for shares in a newly formed company that will also include contributions from Avianca's Major Investors. Both GOL and Avianca will continue to operate independently. The transaction awaits regulatory approvals and does not require a public offering for GOL shares.

The principal shareholders of Avianca and GOL have agreed to form the Abra Group, a major airline group in Latin America. Pending regulatory approval, Abra will control both airlines, enhancing operational efficiencies while keeping independent brands. The group will also possess a non-controlling interest in Viva's Colombia and Peru operations and a minority stake in Chile's Sky Airline. A projected investment of up to $350 million will bolster Abra's financial stability. Customers can expect improved fares, more destinations, and integrated loyalty programs.

GOL Linhas Aéreas Inteligentes (NYSE: GOL) reported significant growth in preliminary air traffic figures for April 2022, showing a 227.8% increase in total supply (ASK) and a 209.5% increase in total demand (RPK) compared to April 2021. Domestic traffic saw a 211.6% rise in supply and 192.4% in demand, with a load factor of 77.7%. International operations reported 87.4% load factor. Total passenger count increased by 196.5% year-over-year. Despite these positive metrics, the company also noted a decrease in load factor and on-time departures.

GOL Linhas Aéreas, Brazil's largest airline, reported significant operational results for Q1 2022, achieving a 5.6% EBIT margin and a 16.8% EBITDA margin. Sales exceeded pre-pandemic levels, with a 60% increase in March driven by corporate travel recovery. The airline also delivered 8 new Boeing 737 MAX-8 aircraft, enhancing cost efficiency. Key metrics included a 46.5% rise in paid passenger-kilometers and a 100% increase in net revenue to R$3.2 billion. However, fuel costs surged, impacting expenses significantly.

GOL Linhas Aéreas Inteligentes has signed a significant 10-year agreement with Mercado Livre, enhancing its cargo services through its logistics division, GOLLOG. The deal includes a dedicated fleet of six Boeing 737-800 freighters, set to begin operations in H2 2022. This partnership aims to tap into Brazil's booming e-commerce sector, projected to generate R$180 billion annually. GOL expects savings of R$25 million in 2022 and R$75 million in 2023, with an anticipated R$100 million additional revenue in the first year. GOL’s fleet will consist of 136 aircraft by year-end, with plans to optimize efficiency.

GOL Linhas Aéreas Inteligentes has finalized a significant three-year exclusive codeshare agreement with American Airlines, alongside a US$200 million equity investment from American in GOL's newly issued preferred shares, equating to a 5.3% stake. This partnership enhances travel options and customer experience across North and South America, building on an existing collaboration since February 2020. Furthermore, the agreement allows American to appoint a member to GOL's Board of Directors, solidifying its influence in the company.