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Aviation Commercial / Brazil

Gol Airlines

Company reports second quarter results


José PEDRO Magalhães Ramos

8/5/2020

And as you would expect the statement to investors speaks of ... loss.

Let's go to the main numbers:

Net loss for the period: 771 million

EBITDA Margin: -79%

RPK compared to 1Q19: decrease of 92%

ASK: in relation to 1Q19: decrease of 92%

Load factor: is at 78%.

Net revenue: 359 million, down 89% (1Q19)

Liquidity: 3.3 billion, a drop of more than 900 million compared to March

Gol's debt maturity profile has a high level in 2020 and then a belly of tranquility until about 2023/24, giving the idea that the company has a good capacity to overcome the ongoing crisis.










José PEDRO Magalhães Ramos
He is a professional with almost four decades of experience in aviation. Having worked at Rio Sul and TAM in the 1980s and in the 1990's, joined Vasp where he spent 10 years in the Engineering area. He then created and operated the website www.aerospace.com.br for 4 years, now extinct and in 2004 he joined Gol, having stayed until 2017 and passed in various technical and business areas. Currently as a technical consultant still-and always-in the aviation area, he dedicates his private time to create and operate this our portal!