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.
GOL Linhas Aéreas announced a 17.1% increase in the consideration offered to SMILES shareholders during its reorganization plans. This adjustment raises the exchange ratio from 0.825 to 0.966, leading to a price of R$26.14 per share based on the unaffected price. The revised offer enhances the premium for SMILES shareholders from 26.3% to 47.9% compared to the previous proposal and aims to better match investor preferences. The reorganization meeting for GOL and SMILES took place on March 24, 2021.
On March 19, 2021, GOL Linhas Aéreas executed an advanced sale of airline tickets from GOL to Smiles Fidelidade for R$300 million, backed by GOL as a guarantor. The tickets will yield 115% of the CDI rate, approximately 3.05% per annum. The deal includes favorable commercial terms for Smiles and a commitment to maintain the existing contractual structure throughout 2021. GOL, headquartered in São Paulo, operates over 750 daily flights and serves more than 36 million passengers annually, maintaining Brazil's largest airline network.
GOL Linhas Aéreas Inteligentes S.A. has provided an Investor Update detailing a 7% reduction in capacity planning for 1Q21 compared to 4Q20. Daily flights dropped from 493 in January to approximately 250 in March 2021, indicating a decrease to 40% of operational capacity from March 2020. Revenue is expected to decline by 10% from the previous quarter. GOL anticipates ending 1Q21 with R$1.9 billion in liquidity and R$14.3 billion in adjusted net debt, amidst ongoing efforts to manage capacity and costs during low demand.
GOL Linhas Aéreas announced its 4Q20 financial results, highlighting a 50% decrease in net revenues to R$1.9 billion compared to 4Q19. Despite a challenging year due to Covid-19, the airline noted a nearly doubling of passenger traffic from the previous quarter. The company transported 5.2 million customers, reflecting a 46% year-on-year decline but a 100% increase from 3Q20. GOL recorded a net loss of R$862 million in 4Q20, totaling R$2.3 billion for the full year. The return of the Boeing 737-MAX aims to enhance sustainability and operational efficiency.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) will release its 4Q20 earnings on March 18, 2021, before trading hours. The results will be available on their website and include a presentation video. Two conference calls will occur on the same day, with the English call at 11:00 a.m. (US EDT) and the Portuguese call at 12:30 p.m. (US EDT). Additionally, GOL has rescheduled a public meeting with analysts to June 24, 2021.
GOL Linhas Aéreas Inteligentes S.A. announced on March 15, 2021, that the extraordinary general meeting of SMILES FIDELIDADE SA was not held due to insufficient quorum. A second call for the shareholders meeting is scheduled for March 24, 2021. GOL operates over 750 daily flights to more than 100 destinations, serving over 36 million passengers annually, and has a strong cargo logistics business. The company emphasizes its commitment to enhancing customer experience and maintaining a leading safety record.
On March 8, 2021, GOL Linhas Aéreas Inteligentes S.A. (GOL) announced a conference call set for March 10 to inform shareholders about its Corporate Merger Proposal with SMILES. The company aims to promote transparency and equal information access for all shareholders involved. The call will occur at 08:00 a.m. (US EST) and 10:00 a.m. (Brasília time), with participants encouraged to connect 10 minutes early. GOL, Brazil's largest domestic airline, serves over 36 million passengers annually, operating over 750 daily flights.
GOL Linhas Aéreas reported a 28% decrease in average daily flights in February compared to January, averaging 355 flights per day. Gross revenues fell to R$503 million with an 80.8% load factor. The airline faced a 15% drop in ticket searches and a 28% decline in sales due to a surge in Covid-19 cases in Brazil. GOL expects a net cash burn of R$3 million/day for Q1. Despite challenges, GOL maintains R$2 billion in liquidity and focuses on adapting operations to ongoing demand fluctuations while strengthening its market position through strategic partnerships.
GOL Linhas Aéreas announced preliminary air traffic figures for February 2021, revealing a significant decline in performance compared to February 2020. The airline operated 9,947 flights, a 53.2% drop year-on-year, with total seats down by 52.6%. Demand (RPK) decreased by 50.3% and supply (ASK) by 50.4%. The load factor remained stable at 80.8%. GOL did not operate any international flights in February. Overall, the results indicate ongoing challenges in the aviation sector amid decreased travel demand.
On February 12, 2021, GOL Linhas Aéreas (GOL) announced a shareholders' meeting to discuss a corporate reorganization involving merging with Smiles (SMILES) and GLA. The reorganization aims to unify shareholder bases, enhance governance, and improve market competitiveness in Brazil's airline and loyalty segments. GOL will offer preferred shares and cash to SMILES shareholders based on specified exchange ratios. Estimated costs of the reorganization are around R$12.3 million for GOL and GLA, and R$7.25 million for SMILES. The transaction depends on shareholder approvals during meetings scheduled for March 15, 2021.
