GOL publicizes 2Q24 Earnings Consequence By Investing.com

SÃO PAULO, Aug. 14, 2024 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), one of many main airways in Brazil and a part of the ABRA Group, introduced at the moment its consolidated outcomes for the second quarter of 2024 (2Q24). All data herein is offered in Reais (R$), in accordance with worldwide accounting requirements (IFRS) and with adjusted metrics, made obtainable to allow comparability of this quarter with the identical interval of the earlier 12 months (2Q23 & 2H23).

HIGHLIGHTS

GOL “ Passenger Business

• GOL was probably the most on-time airline in Brazil within the 2Q24, and was additionally acknowledged in June 2024 as probably the most on-time airline in Latin America and the primary “Low-Cost Carrier” on this planet on punctuality, with an on-time efficiency index (OTP) of 90.5%.
• Announcement of GOL’s sixteenth codeshare settlement, a partnership for unique home routes with Azul. GOL additionally reinstated the codeshare settlement with South African Airways.
• Announcement of two new worldwide routes (Guarulhos–San Jose and Guarulhos–Aruba) and resumption of two different routes interrupted throughout the pandemic (Fortaleza–Orlando and Brasília-Cancun), with operations scheduled to start by the tip of 2024. GOL additionally introduced its intention to determine the brand new Brasília-Bogotá route which, if authorized, is scheduled to start within the 4Q24.
• 21.1% enhance within the seat kilometers flown (ASK) on the worldwide market within the first half of 2024, in comparison with the identical interval in 2023.

Smiles “ Loyalty Program

• Smiles achieved the second-best quarterly income in its historical past within the 2Q24, with 8.4% development when in comparison with the identical interval of the earlier 12 months.
• Variety of Smiles prospects elevated by 6.5% within the 1H24, with a 54.6% enhance within the buyer base within the Diamond, Gold and Silver classes, reinforcing Smiles as the biggest loyalty program amongst Brazilian airways.
• 11.5% enhance within the Clube Smiles’ buyer base within the 1H24 in comparison with the identical interval in 2023.

GOLLOG “ Cargo Business

• 41.0% enhance in GOLLOG income within the 1H24, in comparison with the identical interval in 2023.
• 39.5% enhance in complete tons transported within the 1H24, in comparison with the identical interval in 2023.
• Within the 1H24, GOLLOG transported 84.3% extra tons associated to its cargo operation devoted to Mercado Livre, in comparison with the identical interval in 2023.

FULL EARNINGS RELEASE
Entry the earnings launch and full monetary statements at: www.voegol.com.br/ir

Investor Relations: [email protected]  

About GOL Linhas Aéreas Inteligentes S.A.  
GOL is a number one home airline in Brazil and a part of Abra Group. Because it was based in 2001, the Firm has the bottom unit price in Latin America, democratizing air transportation. The Firm has alliances with American Airways (NASDAQ:) and Air France-KLM and offers eighteen codeshares and interline agreements to its Clients, bringing extra comfort and easy connections to anyplace served by these partnerships. With the aim of “Being the First for All,” GOL provides the very best journey expertise to its passengers, together with: the biggest variety of seats and extra space between seats; the best platform with web, motion pictures, and dwell TV; and the very best frequent-flyer program, Smiles. In cargo transportation, Gollog delivers orders to totally different areas in Brazil and overseas. The Firm has a staff of 13,700 extremely certified aviation professionals centered on Security. GOL’s #1 worth and operates a standardized fleet of 141 Boeing (NYSE:) 737 plane. The Firm’s shares are traded on the B3 (GOLL4). For additional data, go to www.voegol.com.br/ir.