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. (NYSE: GOL) reported preliminary air traffic figures for July 2022.
Key highlights include:
- Total supply (ASK) rose by 42.6%, with total demand (RPK) increasing by 36.3%.
- The load factor was 80.8%, marking a 3.7 percentage point decrease compared to July 2021.
- Domestic supply (ASK) increased 31%, while domestic demand (RPK) grew by 24.1%.
- International operations reported a load factor of 88.9%.
GOL Linhas Aéreas reported strong performance in 2Q22, with net operating revenue reaching R$3.2 billion, up 215% from 2Q21. The airline transported 5.8 million passengers, more than double the amount from a year ago. Average yield per passenger soared to R$43 cents, a record high, reflecting disciplined capacity management. Recurring EBIT stood at R$50.8 million with a margin of 1.6%. However, the company faced a net loss of R$2.8 billion, primarily due to currency variations. GOL's net debt ratio improved sequentially, showing recovery signs in the EBITDA.
GOL Linhas Aéreas Inteligentes (GOL) provided an Investor Update on July 28, 2022, addressing its financial outlook amidst rising jet fuel prices. The company anticipates an increase in total revenues, projecting net revenues of R$15.4 billion for 2022, up from R$13.7 billion. GOL plans to operate 44 737-MAX aircraft by year-end, making up 32% of its fleet. However, its projections for ASKs, seats, and departures have been adjusted downwards to a range of 55-65% year-over-year. The update indicates a focus on fleet transformation while emphasizing the challenges posed by increasing operational costs.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) announces strong preliminary air traffic figures for June 2022, showing significant growth compared to June 2021. Total supply (ASK) surged by 68.6%, while demand (RPK) increased by 54%, leading to a load factor of 76.7%. Domestic traffic showed a 55.9% increase in supply and 40.6% in demand. Internationally, supply reached 223 million ASK with an impressive load factor of 88.6%. These results reflect GOL's continuing recovery and operational expansion.
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.