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GOL announces 1Q25 Earnings Result

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Rhea-AI Summary
GOL Airlines reported strong Q1 2025 results, showcasing significant growth across its business segments. The airline expanded its capacity (ASK) by 12.0% year-over-year, with international capacity surging nearly 50%. The Passenger Business segment saw Net Revenue increase by 19.4%, supported by a 6.6% rise in RASK. GOL achieved an impressive 89.4% On-time Performance, making it Brazil's most punctual airline. The company added two new MAX-8 aircraft, bringing its fleet to 54 units. The Smiles loyalty program demonstrated robust growth with miles redeemed up 17.9% and revenue increasing 12.4%. Clube Smiles reached nearly 1.2 million subscribers, up 6.9%. GOLLOG, the cargo division, reported a 17.0% revenue increase and 6.8% growth in transported weight.
GOL Airlines ha riportato risultati solidi nel primo trimestre del 2025, mostrando una crescita significativa in tutti i suoi segmenti di business. La compagnia ha aumentato la capacità (ASK) del 12,0% rispetto all'anno precedente, con un'impennata della capacità internazionale di quasi il 50%. Il segmento Passenger Business ha registrato un aumento del Ricavo Netto del 19,4%, supportato da un incremento del 6,6% del RASK. GOL ha raggiunto un'impressionante puntualità del 89,4%, diventando la compagnia aerea più puntuale del Brasile. La società ha aggiunto due nuovi aerei MAX-8, portando la flotta a 54 unità. Il programma fedeltà Smiles ha mostrato una crescita robusta con miglia riscattate in aumento del 17,9% e ricavi in crescita del 12,4%. Clube Smiles ha raggiunto quasi 1,2 milioni di iscritti, con un aumento del 6,9%. GOLLOG, la divisione cargo, ha registrato un aumento dei ricavi del 17,0% e una crescita del 6,8% nel peso trasportato.
GOL Airlines reportó sólidos resultados en el primer trimestre de 2025, mostrando un crecimiento significativo en todos sus segmentos de negocio. La aerolínea aumentó su capacidad (ASK) en un 12,0% interanual, con una capacidad internacional que se disparó casi un 50%. El segmento de Negocio de Pasajeros vio un aumento del Ingreso Neto del 19,4%, respaldado por un incremento del 6,6% en RASK. GOL alcanzó un impresionante 89,4% de puntualidad, convirtiéndose en la aerolínea más puntual de Brasil. La compañía añadió dos nuevos aviones MAX-8, llevando su flota a 54 unidades. El programa de fidelidad Smiles mostró un crecimiento sólido con millas canjeadas que aumentaron un 17,9% y los ingresos crecieron un 12,4%. Clube Smiles alcanzó casi 1,2 millones de suscriptores, un aumento del 6,9%. GOLLOG, la división de carga, reportó un aumento de ingresos del 17,0% y un crecimiento del 6,8% en el peso transportado.
GOL 항공은 2025년 1분기 강력한 실적을 보고하며 사업 부문 전반에 걸쳐 상당한 성장을 보였습니다. 항공사는 전년 대비 12.0% 용량(ASK)을 확장했으며, 국제 용량은 거의 50% 급증했습니다. 여객 사업 부문은 RASK가 6.6% 상승함에 따라 순수익이 19.4% 증가했습니다. GOL은 89.4%의 뛰어난 정시 운항률을 기록하며 브라질에서 가장 정시성이 높은 항공사가 되었습니다. 회사는 MAX-8 항공기 2대를 추가하여 보유 기체 수를 54대로 늘렸습니다. Smiles 로열티 프로그램은 마일리지 사용이 17.9% 증가하고 수익이 12.4% 상승하는 등 견고한 성장을 보였습니다. Clube Smiles 구독자는 거의 120만 명에 달하며 6.9% 증가했습니다. 화물 부문인 GOLLOG은 수익이 17.0% 증가하고 운송 중량이 6.8% 성장했습니다.
GOL Airlines a annoncé de solides résultats pour le premier trimestre 2025, montrant une croissance significative dans tous ses segments d'activité. La compagnie aérienne a augmenté sa capacité (ASK) de 12,0% en glissement annuel, avec une capacité internationale en hausse de près de 50%. Le segment Passenger Business a vu son chiffre d'affaires net augmenter de 19,4%, soutenu par une hausse du RASK de 6,6%. GOL a atteint une ponctualité impressionnante de 89,4%, faisant d'elle la compagnie la plus ponctuelle du Brésil. La société a ajouté deux nouveaux avions MAX-8, portant sa flotte à 54 appareils. Le programme de fidélité Smiles a connu une croissance solide avec un nombre de miles échangés en hausse de 17,9% et un chiffre d'affaires en hausse de 12,4%. Clube Smiles a atteint près de 1,2 million d'abonnés, en hausse de 6,9%. GOLLOG, la division cargo, a enregistré une augmentation de son chiffre d'affaires de 17,0% et une croissance du poids transporté de 6,8%.
GOL Airlines meldete starke Ergebnisse für das erste Quartal 2025 und zeigte ein deutliches Wachstum in allen Geschäftsbereichen. Die Fluggesellschaft erweiterte ihre Kapazität (ASK) im Jahresvergleich um 12,0%, wobei die internationale Kapazität um fast 50% zunahm. Der Geschäftsbereich Passagiere verzeichnete einen Nettoumsatzanstieg von 19,4%, unterstützt durch einen Anstieg des RASK um 6,6%. GOL erreichte eine beeindruckende Pünktlichkeitsrate von 89,4% und ist damit die pünktlichste Fluggesellschaft Brasiliens. Das Unternehmen fügte zwei neue MAX-8-Flugzeuge hinzu und erhöhte die Flotte auf 54 Einheiten. Das Treueprogramm Smiles zeigte ein robustes Wachstum mit um 17,9% gestiegenen eingelösten Meilen und einem Umsatzanstieg von 12,4%. Clube Smiles erreichte fast 1,2 Millionen Abonnenten, ein Plus von 6,9%. GOLLOG, die Frachtabteilung, meldete einen Umsatzanstieg von 17,0% und ein Wachstum des transportierten Gewichts um 6,8%.
Positive
  • Net Revenue in Passenger Business grew 19.4% YoY
  • International capacity increased by nearly 50% YoY
  • On-time Performance improved to 89.4%, leading in Brazil
  • RASK increased 6.6%, showing improved revenue efficiency
  • Smiles loyalty program revenue grew 12.4%
  • GOLLOG cargo revenue increased 17.0%
  • Fleet expansion with two new MAX-8 aircraft
Negative
  • None.

Insights

GOL shows strong Q1 2025 growth with increased capacity, revenue, and improved punctuality across all business segments.

GOL's Q1 2025 results demonstrate robust operational expansion and revenue growth across all business segments. The airline increased overall capacity by 12.0% year-over-year, with international capacity surging nearly 50%, reflecting successful execution of their network expansion strategy.

The company's operational efficiency shows marked improvement, with on-time performance reaching 89.4% (up 6.5 percentage points), making GOL the most punctual airline in Brazil during the quarter. This operational reliability likely contributed to the 19.4% growth in Passenger Business Net Revenue and 6.6% increase in RASK (Revenue per Available Seat Kilometer).

Fleet modernization continues with two new MAX-8 aircraft added during Q1, bringing the total to 54 units. These newer aircraft typically offer 15-20% better fuel efficiency than previous generations, supporting long-term cost control. The loyalty program Smiles shows healthy growth with miles redeemed up 17.9% and revenue increasing 12.4%. The Clube Smiles subscriber base grew 6.9% to reach nearly 1.2 million members, building a reliable revenue stream.

GOLLOG, the cargo division, posted strong performance with transported weight up 6.8% and revenue increasing 17.0%, indicating improved yield management and possibly a more favorable product mix. The diversification across passenger, loyalty, and cargo segments provides the airline with multiple revenue streams, important in an industry known for cyclicality.

While the release indicates positive operational and financial trends, it lacks comprehensive financial metrics such as overall revenue, EBITDA, net income, debt levels, and cash position, making a complete financial assessment challenging.

SÃO PAULO, May 15, 2025 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), one of the leading airlines in Brazil and part of the ABRA Group, announced today its consolidated results for the first quarter of 2025 (1Q25). All information herein is presented in Brazilian Reais (R$), unless otherwise noted, in accordance with international accounting standards (IFRS), with adjusted metrics made available to enable comparison of this quarter (1Q25) with the first quarter of 2024 (1Q24).

Highlights

GOL – Passenger Business

  • The Company increased its capacity (ASK) by 12.0% in 1Q25 (vs 1Q24), highlighting an increase of almost 50% in its international capacity in the same period (vs 1Q24), a reflection of the plan to rebuild capacity and expand the network.
  • On-time Performance (OTP) remained consistent with recent months and reached 89.4% in 1Q25, an increase of 6.5 p.p. (vs 1Q24), placing the Company as the most punctual airline in Brazil in the quarter.
  • Passenger Business' Net Revenue grew by 19.4% in 1Q25 (vs 1Q24), driven by a 6.6% increase in RASK, reflecting greater efficiency in generating revenue per available seat.
  • In 1Q25, the Company received two new MAX-8 aircraft, totaling 54 units of the model in its fleet, in line with the fleet renewal strategy and greater operational efficiency.

Smiles – Loyalty Program

  • Miles redeemed grew by 17.9% in 1Q25 (vs 1Q24), highlighting a 1.4 p.p. increase in the share of redemptions for non-airline products and services — reinforcing Smiles' positioning as an increasingly complete loyalty platform.
  • Smiles' revenue maintained its growth trajectory, with a 12.4% increase in 1Q25 (vs 1Q24).
  • Clube Smiles' number of customers grew by 6.9% in 1Q25 (vs 1Q24), reaching the level of almost 1.2 million subscribers.

GOLLOG – Cargo Business

  • The transported weight in 1Q25 increased by 6.8% (vs 1Q24), reflecting the expansion of dedicated cargo operations and the higher demand in the period.
  • GOLLOG's revenue continued to grow in 1Q25, with an increase of 17.0% (vs 1Q24).

FULL EARNINGS RELEASE & PRESENTATION

Access the earnings release, presentation and full financial statements at: www.voegol.com.br/ir 

Investor Relations: ir@voegol.com.br

About GOL Linhas Aéreas Inteligentes S.A. 

GOL is a leading domestic airline in Brazil and part of Abra Group. Since it was founded in 2001, the Company has the lowest unit cost in Latin America, democratizing air transportation. The Company has alliances with American Airlines and Air France-KLM and provides eighteen codeshares and interline agreements to its Customers, bringing more convenience and simple connections to any place served by these partnerships. With the purpose of "Being the First for All," GOL offers the best travel experience to its passengers and the best frequent-flyer program, Smiles. In cargo transportation, Gollog delivers orders to different regions in Brazil and abroad. The Company has a team of 14,5 thousands highly qualified aviation professionals focused on Safety. GOL's #1 value and operates a standardized fleet of 139 Boeing 737 aircraft. The Company's shares are traded on the B3 (GOLL4). For further information, go to www.voegol.com.br/ri.

Cision View original content:https://www.prnewswire.com/news-releases/gol-announces-1q25-earnings-result-302456616.html

SOURCE GOL Linhas Aéreas Inteligentes S.A.

FAQ

What was GOL Airlines' revenue growth in Q1 2025?

GOL's Passenger Business Net Revenue grew by 19.4% in Q1 2025 compared to Q1 2024.

How many MAX-8 aircraft does GOL (GOLL4) have in its fleet after Q1 2025?

GOL has 54 MAX-8 aircraft in its fleet after receiving two new units in Q1 2025.

What was GOL Airlines' on-time performance in Q1 2025?

GOL achieved an 89.4% on-time performance in Q1 2025, making it Brazil's most punctual airline.

How much did GOL's international capacity increase in Q1 2025?

GOL's international capacity increased by nearly 50% in Q1 2025 compared to Q1 2024.

What was the growth in GOL's Smiles loyalty program in Q1 2025?

Smiles saw a 17.9% increase in miles redeemed and 12.4% revenue growth, with Clube Smiles reaching nearly 1.2 million subscribers.
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Gol Linhas Aéreas Inteligentes S.A.

NYSE:GOL

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GOL Stock Data

4.35B
166.96M
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Airlines
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