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GOL Linhas Aereas Inteligentes SA (GOLLQ)
OTHER OTC:GOLLQ
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.67Last Year’s EPS
-1.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 51.35%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted GOL's strong operational performance, capacity growth, and significant achievements in restructuring efforts. However, these were tempered by challenges related to rising costs, currency impacts, and substantial debt levels. The strategic steps taken in the Chapter 11 process are seen as positive for future sustainability.Company Guidance
During the third quarter of 2024, GOL Linhas Aéreas reported significant achievements and challenges. The airline increased its total capacity by 6.7% year-over-year, with a notable 57% rise in international capacity, serving 8 million passengers and achieving a load factor above 83%. Passenger revenue amounted to BRL 4.4 billion, contributing to a net revenue of BRL 5 billion, which marked a 6% increase compared to the previous year. Despite a slight decrease in fuel costs, the total CASK increased by 3.7%, mainly due to currency devaluation, while total recurring costs rose by 10.8%, reaching BRL 4.2 billion. The Smiles loyalty program expanded by 14% in sales, reaching BRL 1.3 billion, and GOLLOG's revenue grew by 34% in the first nine months. The airline also made progress in its Chapter 11 process, addressing up to $1.7 billion in debt and planning to raise $1.85 billion in new capital, aiming for an exit by April 2025. GOL's liquidity position stood at BRL 5.3 billion, with an adjusted net debt of BRL 27.6 billion and a net leverage ratio of 5.5x.Punctuality Achievement
GOL was recognized as the world's most punctual low-cost airline for the fourth consecutive month with an on-time performance rate of 87.9% and the most punctual company in Brazil over the last 7 months with an 88.1% rate.
Capacity and Network Expansion
GOL increased capacity by 6.7% year-over-year with a notable 57% increase in international capacity, resuming flights to key international destinations and launching a new route to Bogota.
Smiles and GOLLOG Growth
Smiles membership increased by 9.3% and sales grew by 14% compared to Q3 2023. GOLLOG's revenue grew by 34% for the first 9 months of the year, driven by a 38% increase in transported tons.
Strong Passenger and Revenue Performance
Passenger revenue reached BRL 4.4 billion for the quarter, with a load factor above 83%.
Chapter 11 Restructuring Milestone
A restructuring support agreement was signed to address $1.7 billion in Chapter 11 debt, with plans to raise up to $1.85 billion in new capital through an exit credit facility.
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GOL Linhas Aereas Inteligentes SA (GOLLQ) Earnings, Revenues Date & History
GOLLQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GOLLQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.37 | $0.39 | +5.41% |
| Aug 14, 2024 | $0.42 | $0.42 | 0.00% |
| May 14, 2024 | $0.49 | $0.48 | -2.04% |
| Mar 28, 2024 | $0.68 | $0.67 | -1.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GOL Linhas Aereas Inteligentes SA (GOLLQ) report earnings?
GOL Linhas Aereas Inteligentes SA (GOLLQ) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is GOL Linhas Aereas Inteligentes SA (GOLLQ) earnings time?
GOL Linhas Aereas Inteligentes SA (GOLLQ) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GOLLQ EPS forecast?
GOLLQ EPS forecast for the fiscal quarter 2024 (Q4) is -0.67.
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