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 Inteligentes S.A. (GOL) announced the issuance of US$196 million in senior secured amortizing notes due in 2026 and subordinated secured notes due in 2025. These notes carry an average cost of capital of 4.3% p.a. and are secured by unencumbered receivables valued at R$3.0 billion. The issuance aims to fulfill aircraft leasing obligations and includes a 12-month grace period for repayments. GOL continues to lead Brazil's airline sector, focusing on providing an exceptional travel experience for its customers.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) announced the issuance of senior secured amortizing notes worth approximately US$200 million through its subsidiary GOL Finance. The notes feature a 5.00% interest rate due in 2026 and a 3.00% rate due in 2025, with an average capital cost of 4.3% per annum. These notes will satisfy certain aircraft leasing obligations and include a 12-month grace period before amortization begins. The securities are secured by unencumbered receivables valued at R$3.0 billion.
On December 5, 2022, GOL Linhas Aéreas Inteligentes S.A. (GOL) announced its preliminary air traffic figures for November 2022. Key highlights include a 29.7% increase in total supply (ASK) and a 28.5% rise in total demand (RPK). The load factor stood at 81.3%. Domestic operations showed a 19.6% increase in supply and an 18.7% growth in demand. International operations reported a load factor of 76.9% with 350 million ASK and 269 million RPK. The company continues to lead as Brazil's largest domestic airline.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) reported preliminary air traffic figures for October 2022, showcasing notable growth compared to October 2021. The total supply increased by 46.0% and demand by 40.9%, resulting in a load factor of 81.4%. Domestic metrics revealed a 30.2% rise in supply and a 26.0% increase in demand, with a load factor of 81.6%. In international routes, supply reached 384 million ASK with 306 million RPK and a load factor of 79.7%. Key metrics indicate strong operational performance in a recovering market.
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.