Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)

GOL

Market cap $4.35B

Company to Use United States Chapter 11 Process to Strengthen Financial Position GOL Will Continue to Provide Safe and Reliable Air Transportation Without Interruption All Flights are Operating as Scheduled and All Tickets and Reservations Remain in Place Company Secures US$950 Million New Financing Commitment to Support the Business SÃO PAULO, Jan. 25, 2024 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (B3: GOLL4, NYSE: GOL), today announced that GOL and its subsidiaries have voluntarily filed for Chapter 11 in the United States Bankruptcy Court for the Southern District of New York (the "U.S. Court").

Brazilian airline Gol is considering filing for Chapter 11 bankruptcy in the United States within the next month, newspaper Folha de S.Paulo reported on Sunday, citing sources familiar with the matter.

Brazilian airline Gol believes that quality issues across the aviation industry must be assessed and mitigation plans put in place so risks can be minimized, it told Reuters in a statement on Thursday.

Gol Linhas (GOL) benefits from the continued recovery in air-travel demand.

Gol Linhas (GOL) records year-over-year fall in traffic and capacity for December 2023.

SÃO PAULO, Dec. 26, 2023 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ("GOL" or "Company"), the main Brazil's domestic airline, announces that it has received approval to access a newly developed credit insurance policy structured with the direct support of the Executive Secretariat of the Chamber of Foreign Trade (SE-Camex) and backed by the Export Guarantee Fund (FGE).

Shares of Brazilian airlines rose on Tuesday on investor relief that a government deal to lower ticket prices was not as heavy-handed as some expected, amid President Luiz Inacio Lula da Silva's personal campaign to make airfare more affordable.

The consolidated load factor increases to 85% in November at Gol Linhas (GOL).

Gol Linhas Aereas has seen margin expansion due to cheaper jet fuel and recovery in the Brazilian airline market. However, the company's margin expansion may be limited due to more expensive fuel and increased competition. Gol's recapitalization plan through convertible debt and warrants will lead to significant dilution for future shareholders.

Copa Holdings (CPA), Gol Linhas (GOL), AZUL and Ryanair Holdings (RYAAY) report impressive traffic numbers for October 2023.