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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 |
SÃO PAULO, May 14, 2024 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (NYSE: GOL and B3: GOLL4), one of the leading airlines in Brazil and part of the Abra Group, today announced its consolidated results for the first quarter of 2024 (1Q24). The Company remained focused on operational efficiency through its single fleet model and diligent yield management, while striving for excellence in the products offered to Customers.
All information in this release is presented in Reais (R$), in accordance with international accounting standards (IFRS) and with adjusted metrics, made available to enable comparison of this quarter with the same period of the previous year (1Q23). Adjusted (recurring) indicators exclude non-recurring expenses related to the quarter's results and are detailed in the respective tables.
1Q24 HIGHLIGHTS
CEO COMMENTS
Celso Ferrer, Chief Executive Officer, commented: "The first quarter of 2024 was marked by the improvement on our operational performance, with Adjusted EBITDA for 1Q, at R$1.4 billion and an Adjusted EBITDA margin of 30.3%, demonstrating our consistency and efficiency in our path during the financial restructuring. March 2024 saw us back into first place as the most on-time airline in Brazil (A15²) according to ANAC. We demonstrated strong continued execution of our commercial strategy, together with initiatives from the Smiles and Gollog business units, allowing us to deliver solid results. We also maintained a disciplined approach to cost control. I am impressed by the dedication of our Team of Eagles to improve our products and processes in order to enhance our operational reliability and continue to deliver value to customers. At the same time, we have made progress in GOL's U.S. court-supervised restructuring process, including securing US$ 1.0 billion DIP Loan Commitments (of which US$550 million was drawn by the end of the 1Q24; renegotiating agreements with the majority of the aircraft under leases with lessors to ensure GOL has the right capacity to continue to serve our current destinations; and making progress on the financing plan that will underpin our standalone Plan of Reorganization."
SUMMARY OF THE FIRST QUARTER 2024 RESULTS (VS. 1Q23)
FULL EARNINGS RELEASE & PRESENTATION
Access the earnings release, presentation and full financial statements at: www.voegol.com.br/ir
Investor Relations: ir@voegol.com.br
About GOL Linhas Aéreas Inteligentes S.A.
GOL is a leading domestic airline in Brazil and part of Abra Group. Since it was founded in 2001, the Company has the lowest unit cost in Latin America, democratizing air transportation. The Company has alliances with American Airlines and Air France-KLM and makes available several codeshares and interline agreements available to Customers, bringing more convenience and simple connections to any place served by these partnerships. With the purpose of "Being the First for All," GOL offers the best travel experience to its passengers, including: the largest number of seats and more space between seats; the greatest platform with internet, movies and live TV; and the best frequent-flyer program, Smiles. In cargo transportation, Gollog delivers orders to different regions in Brazil and abroad. The Company has a team of 13,700 highly qualified aviation professionals focused on Safety. GOL's #1 value and operates a standardized fleet of 142 Boeing 737 aircraft. The Company's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, go to www.voegol.com.br/ir.
View original content:https://www.prnewswire.com/news-releases/gol-announces-1q24-earnings-results-302145042.html
SOURCE GOL Linhas Aéreas Inteligentes S.A.
Copyright 2024 PR Newswire
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