GOL announces 2Q24 Earnings Result
SÃO PAULO, Aug. 14, 2024 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), one of the leading airlines in Brazil and part of the ABRA Group, announced today its consolidated results for the second quarter of 2024 (2Q24). All information herein 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 (2Q23 & 2H23).
HIGHLIGHTS
GOL – Passenger Business
- GOL was the most on-time airline in Brazil in the 2Q24, and was also recognized in June 2024 as the most on-time airline in Latin America and the number one "Low-Cost Carrier" in the world on punctuality, with an on-time performance index (OTP) of 90.5%.
- Announcement of GOL's 16th codeshare agreement, a partnership for exclusive domestic routes with Azul. GOL also reinstated the codeshare agreement with South African Airways.
- Announcement of two new international routes (Guarulhos-San Jose and Guarulhos-Aruba) and resumption of two other routes interrupted during the pandemic (Fortaleza-Orlando and Brasília-Cancun), with operations scheduled to begin by the end of 2024. GOL also announced its intention to establish the new Brasília-Bogotá route which, if approved, is scheduled to begin in the 4Q24.
- 21.1% increase in the seat kilometers flown (ASK) on the international market in the first half of 2024, compared to the same period in 2023.
Smiles – Loyalty Program
- Smiles achieved the second-best quarterly revenue in its history in the 2Q24, with 8.4% growth when compared to the same period of the previous year.
- Number of Smiles customers increased by 6.5% in the 1H24, with a 54.6% increase in the customer base in the Diamond, Gold and Silver categories, reinforcing Smiles as the largest loyalty program among Brazilian airlines.
- 11.5% increase in the Clube Smiles' customer base in the 1H24 compared to the same period in 2023.
GOLLOG – Cargo Business
- 41.0% increase in GOLLOG revenue in the 1H24, compared to the same period in 2023.
- 39.5% increase in total tons transported in the 1H24, compared to the same period in 2023.
- In the 1H24, GOLLOG transported 84.3% more tons related to its cargo operation dedicated to Mercado Livre, compared to the same period in 2023.
FULL EARNINGS RELEASE
Access the earnings release and full financial statements at: www.voegol.com.br/ir
Investor Relations: [email protected]
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 provides eighteen codeshares and interline agreements to its 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 141 Boeing 737 aircraft. The Company's shares are traded on the B3 (GOLL4). For further information, go to www.voegol.com.br/ir.
SOURCE GOL Linhas Aéreas Inteligentes S.A.
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