Business

GOL wants to increase the flight offer in the 4th quarter by 100%

GOL Linhas Aéreas announced today (04/11) its estimates for air traffic and operating profitability for Q4 2020 (Q4 20) and Q1 2021 (Q1 21).

The planned capacity of GOL for the 4th quarter of 20 corresponds to a growth of 100% compared to the 3rd quarter of 20. In October / 20 the company operated approximately 376 daily flights (53% compared to the same period in 2019) and reached peaks of 500 daily flights that served 95% of the market.

At the end of December / 20, GOL expects the restoration of the internal market from the time before the pandemic, which accounts for around 80% of the total capacity of 2019.

The company expects an average of 94 aircraft to be operating in the network by the end of December, which corresponds to more than 75% of the operational fleet in the same period last year, with the utilization of its load factor being maintained at around 80% in the quarter.

In the fourth quarter of 20, the company expects to operate an average fleet of 92 aircraft, which is 78% of the average fleet operated in the same quarter last year. Revenue for the quarter ended December 31, 2020 is expected to increase approximately 130% over the quarter ended September 2020.

Total costs in the fourth quarter of 20 are expected to decrease by approximately 16% due to cost reduction initiatives, lower capacity, and lower fuel consumption.

GOL expects to end the fourth quarter of 20 with liquidity of R $ 2.4 billion and debt of R $ 13.1 billion
adjusted net income. Several key initiatives are relevant to ensure that GOL
Keep liquidity at the level expected by the end of the fourth quarter of 20.

So that investors and analysts better understand how GOL is doing
The company also addressed its short-term planning
Indicators for 1Q21:

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