GOL Linhas Aéreas (B3: GOLL4 ) released an Investor Update together with its 2nd quarter 2021 earnings announcement. All information is presented in reais (R$). The information below is preliminary and unaudited.
The operational resumption that started in mid-2Q21 should continue at an increasing pace as the immunization of the population intensifies, and as we approach the high summer season, therefore, GOL's planned capacity for 2H21 will increase by 46% over 2H20.
To adapt operating costs to current levels of sales and demand, GOL will operate 102 aircraft in its network at the end of the period (versus 110 previously projected), which will represent 133% of the average fleet operated in 2H20 and 56% more compared to 1H21 .
Revenue for the semester ending December 31, 2021 is expected to increase approximately 85% compared to the same period of the prior year (versus 100% previously projected).
A GOL expects to end 2H21 with R$4,2 billion in liquidity (versus R$4,5 billion previously projected) and R$15,3 billion in adjusted net debt (versus R$14,8 billion previously projected). Several important initiatives are relevant to ensure that GOL maintains liquidity at the expected levels at the end of 2021.
See more details in the table below:
