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Name | Symbol | Market | Type |
---|---|---|---|
Gol Linhas Aereas Inteligentes SA | NYSE:GOL | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.715 | 0 | 01:00:00 |
Highlights:
SÃO PAULO, March 14, 2022 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (NYSE: GOL and B3: GOLL4), Brazil's largest domestic airline, announced today its consolidated results for the fourth quarter of 2021 (4Q21) and the 2021 fiscal year, and outlined its continued initiatives in response to the recovery of demand for air travel in Brazil.
All information is presented in Brazilian reais (R$), according to both International Financial Reporting Standards (IFRS) and adjusted metrics and is made available to enable comparability of this quarter with the same period last year (4Q20). Adjusted metrics exclude expenses related to the portion of the non-operating fleet grounded during the period and are detailed in the table showing operating expenses.
"In 2021, aiming at 'being the first for all', we made significant progress across multiple measures of success, derived from our winning business model, a highly flexible and efficient fleet, and by providing a Customer experience that continues to build preference for our brand," said Paulo Kakinoff, CEO. "What we achieved during the pandemic was made possible by the trust we received from our tireless and highly competent Team of Eagles, our Customers, our suppliers and our investors."
"For 2022, we'll maintain focus on the fleet transformation to the 737-MAX. We expect that by year's end we will have 44 aircraft of this model in service, which will represent around 30% of the total fleet. As a result of this modernization process, we expect a reduction of approximately 8% in unit cost (CASK)," added Kakinoff.
MANAGEMENT VIDEOS WITH PRESENTATION & FULL EARNINGS RELEASE
Access earnings release, management videos, presentation and complete financial statements at: www.voegol.com.br/ir
4Q21 Conference Call: March 14, 2022, 11:00 a.m. (NY Time), Phone: +1 (412) 317-6382, Code: GOL, with webcast (https://webcastlite.mziq.com/cover.html?webcastId=2024b15e-c999-4fc6-bd37-da25e1bedaa1)
Investor Relations: ri@voegol.com.br, +55 (11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A. (www.voegol.com.br): Brazil's largest airline group with three main businesses: passenger transportation, cargo transportation and coalition loyalty program.
View original content:https://www.prnewswire.com/news-releases/gol-reports-fourth-quarter-2021-and-full-year-results-301501725.html
SOURCE GOL Linhas Aéreas Inteligentes S.A.
Copyright 2022 PR Newswire
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