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GOL Announces Preliminary 2H21 Outlook
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SÃO PAULO, May 26, 2021 /PRNewswire/
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ( GOL or Company ), Brazil s largest airline, today announces its preliminary general outlook and guidance for the second half of 2021.
During the month of May, GOL has seen a material improvement in its sales in the Brazilian domestic air travel market. While the path for the recovery in demand from the pandemic has been difficult to predict and a high level of uncertainty remains, advances in the roll-out of vaccines by Brazil s National Program for Immunization are having a positive impact on demand for air travel.
GOL Announces Preliminary 2H21 Outlook prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
GOL announces Investor Update
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SÃO PAULO, April 29, 2021 /PRNewswire/
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ( GOL or Company ), Brazil s largest domestic airline, provides an
Investor Update. All information is presented in Brazilian Reais (R$). The information below is
preliminary and
unaudited.
Historically, the 2nd quarter of the year is a transition period to low season demand and due to the worsening of the pandemic and the increase in restrictions of circulation imposed by states, GOL s current capacity planning scenario assumes a 40% reduction in 2Q21 compared to 1Q21. To adapt operating costs to current levels of sales and demand, GOL will operate 63 aircraft in its network, which will represent 70% of the average fleet operated at the end of 4Q20 and 377% or 3.8x higher compared to the same quarter of 2020. Revenue for the quarter ended June 2021 is expected to decrease approximately 35% compared to the quarter end