Gol Linhas Aéreas Inteligentes S.A. Stock Price, News & Analysis

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.

GOL Linhas Aéreas, Brazil's largest airline, reported significant operational results for Q1 2022, achieving a 5.6% EBIT margin and a 16.8% EBITDA margin. Sales exceeded pre-pandemic levels, with a 60% increase in March driven by corporate travel recovery. The airline also delivered 8 new Boeing 737 MAX-8 aircraft, enhancing cost efficiency. Key metrics included a 46.5% rise in paid passenger-kilometers and a 100% increase in net revenue to R$3.2 billion. However, fuel costs surged, impacting expenses significantly.