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

GOL Linhas Aéreas Inteligentes S.A. has successfully refinanced R$1.2 billion in short-term bank debt by extending its 7th Series of Debentures and issuing the 8th Series. This strategic move, completed with the support of leading banks, improves GOL's financial standing by reducing its short-term debt to R$0.5 billion—the lowest since 2014. The debt refinancing will extend the average liability tenor to 3.3 years and is anticipated to enhance credit metrics and reduce overall borrowing costs. The company has also undertaken other financial initiatives to strengthen its balance sheet during the pandemic.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) released an Investor Update for 3Q21, revealing expectations of a Loss Per Share of R$2.58 and a Loss Per American Depositary Share of US$0.99. The EBITDA margin is projected to decrease to 22%-24% compared to 29% in 3Q20. Passenger unit revenue is anticipated to rise by 5% year-over-year. Despite a challenging environment, GOL aims to increase capacity by 30% in 4Q21. The company reported R$1.8 billion in liquidity, and significant debt reduction occurred, leading to improved financial leverage metrics.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) reported significant growth in preliminary air traffic figures for September 2021. Domestic demand (RPK) rose by 36.8% compared to September 2020, while supply (ASK) increased by 38.1%, achieving a domestic load factor of 79.1%, slightly lower by 0.8 p.p. year-over-year. The airline transported 1.6 million passengers, a 47.8% increase. Notably, GOL did not operate any regular international flights during this period.

On September 23, 2021, GOL Linhas Aéreas Inteligentes (NYSE: GOL) announced that its subsidiary, GOL Finance, has priced a US$150 million reopening of its 8.000% senior secured notes due 2026. This issuance will consolidate with previously issued notes totaling US$500 million. The additional notes have an issue price of 100.750%, offering a 7.728% yield to maturity, rated B2 by Moody's. Proceeds will be used for general corporate purposes, including aircraft acquisitions. The notes remain unregistered under the U.S. Securities Act.

GOL Linhas Aéreas Inteligentes S.A. has signed a non-binding letter of intent with Avolon for the acquisition or lease of 250 eVTOL aircraft, targeting a mid-2025 operational date in Brazil. Grupo Comporte is financing the initiative, leveraging GOL's expertise in aviation. The VA-X4 eVTOL aircraft, developed by Vertical Aerospace, will contribute to GOL's strategy for regional air transport and sustainability, aiming for carbon neutrality by 2050. Current plans include transitioning 75% of its Boeing 737 fleet to 737-MAX by 2030, enhancing efficiency and reducing emissions by 16%.

On September 17, 2021, GOL Linhas Aéreas Inteligentes S.A. announced the refinancing of R$1.2 billion in short-term debt, set to mature in 2024. This move marks the conclusion of its liability management program, reducing short-term debt to approximately R$0.5 billion, the lowest since 2014. The refinancing will extend the average debt tenor to 3.3 years and improve GOL's credit metrics. The use of proceeds will include debt repayments and working capital. GOL's disciplined financial management has strengthened its balance sheet despite the pandemic, allowing for a focus on sustainable growth.

GOL Linhas Aéreas has expanded its partnership with American Airlines through a three-year exclusive codeshare agreement. This agreement includes a US$200 million equity investment from American, enhancing travel options between North and South America. The partnership allows seamless ticketing, check-in, and baggage handling for passengers. With a focus on growth, GOL will also restart international routes to Cancun and Punta Cana by mid-November 2021. American's investment will provide GOL with increased financial flexibility and support its competitive position.

Sabre Corporation (SABR) has successfully migrated GOL Linhas Aéreas, Brazil's largest airline, to its SabreSonic passenger service system (PSS). This migration enhances GOL's global reach and enables personalized passenger experiences, aligning with GOL's strategic growth plans post-pandemic. The partnership aims to enhance operational efficiency through next-generation technology solutions, improving revenue management and customer experience. GOL serves over 36 million passengers annually across more than 100 destinations, and this collaboration positions the airline for further growth.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL), Brazil's largest domestic airline, reported significant growth in its preliminary air traffic figures for August 2021 compared to the same month in 2020. The airline saw an 85% increase in demand (RPK) and an 83% rise in supply (ASK), achieving an 80.2% load factor. GOL transported 1.5 million passengers, marking an 87% rise. However, operations were reduced in the last ten days of August for a system migration to Sabre, and no international flights were operated during this period.