Gol Linhas Aereas Inteligentes S.A. (GOL)
NYSE NYSE Primary Summary
Gol Linhas Aéreas Inteligentes S.A. (GOL) Q3 2024 Earnings Conference Call Transcript
Gol Linhas Aéreas Inteligentes S.A. (GOL) Q3 2024 Earnings Conference Call November 13, 2024 7:30 AM ET Company Participants Celso Ferrer - President and CEO Eduardo Gotilla - EVP, CFO and IRO Conference Call Participants Operator Welcome to GOL Linhas Aereas Conference Call to discuss the Third Quarter 2024 Results.
Brazil's Gol says bankruptcy exit to involve $1.5 billion capital injection
Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and the refinancing of $2 billion in debt, it said in a securities filing on Monday.
Gol Linhas Aereas Inteligentes S.A. Profile
| Passenger Airlines Industry | Industrials Sector | Celso Guimarães Ferrer Junior CEO | NYSE Exchange | 38045R206 CUSIP |
| BR Country | 13,919 Employees | 20 Jun 2019 Last Dividend | 22 Nov 2017 Last Split | 24 Jun 2004 IPO Date |
Overview
GOL Linhas Aéreas Inteligentes S.A. is an airline company based in São Paulo, Brazil, known for its expansive operations both within Brazil and internationally. Since its inception in 2000, the company has committed to providing both scheduled and non-scheduled air transportation for passengers and cargo. Besides air services, it also offers maintenance services for aircrafts and components, positioning itself as a key player in the aviation industry. As of January 25, 2024, GOL has entered a critical phase by filing a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York, reflecting the challenges and restructuring efforts the company is undertaking to navigate its financial hurdles.
Products and Services
-
Scheduled and Non-scheduled Air Transportation
GOL provides comprehensive air transportation services that cover both scheduled flights to various destinations and non-scheduled flights catering to specific client demands. This flexibility and wide reach are essential for meeting the diverse needs of modern travelers and cargo transportation requirements, facilitating commerce and connectivity across its service regions.
-
Maintenance Services
The company goes beyond just flying; it ensures operational excellence and safety through its maintenance services. GOL offers maintenance for aircraft and aircraft components, ensuring that each plane meets the highest industry standards. This service is critical for the longevity and reliability of its fleet, which predominantly consists of Boeing 737 aircrafts.
-
Smiles Frequent-Flyer Program
With approximately 20.5 million members, GOL's Smiles frequent-flyer program stands out as a significant value addition for its clients. The program allows members to accumulate miles from flights and redeem them for future services. This customer loyalty program is designed to reward frequent flyers, enhancing customer satisfaction and encouraging repeat business.
