All GOL articles – Page 3
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NewsAvianca and Gol join to form holding company
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the post-coronavirus environment.
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NewsDomestic revenue boosts Gol’s Q1 earnings
Domestic sales boosted Brazil’s Gol airlines’ first quarter earnings as it finalised a codeshare agreement with American Airlines and launched a cargo collaboration.
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Airline BusinessFuel volatility, Covid woes and acquisition talk in busy airline week
If ever a week featured a microcosm of the challenges and opportunities facing the airline industry, this might be it. The past few days saw crude oil – the price of which jet fuel tracks closely – fall back to around $100/barrel, having flirted with $130/barrel at some points over ...
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NewsGol reports higher revenue, sees M&A possibilities
Brazil’s Gol reports higher revenue for the final quarter of 2021 as it continues its fleet transformation and keeps costs in check, while at the same time keeping an eye on possible consolidation in the market.
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NewsGol reports wider Q3 loss, prepare to resume international flights
Gol reported a net loss of R$2.5 billion ($455 million) in the third quarter of 2021, but says that higher vaccination rates and the opening of borders across the hemisphere will boost travel in the coming busy summer holiday season.
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Airline BusinessGol and Azul prepare for a restored Brazilian travel boom
Brazilian airlines Azul and Gol are positioning to take advantage of a resurgence in domestic and international travel as some of the last travel restrictions for customers from the vast Latin American country are set to fall.
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NewsVertical warns UK could miss out on eVTOL benefits without government action
Bristol-headquartered Vertical Aerospace has called for the UK government to urgently set out clear policy goals to enable advanced aerial mobility operations to begin at scale from mid-decade or risk missing out on the economic and social opportunities they promise.
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NewsGol foresees 50% drop in third-quarter revenue versus 2019 level
Brazilian low-cost carrier Gol expects to report third-quarter net operating revenue down 50% from the same period of pre-pandemic 2019.
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NewsAmerican to invest $200 million in Gol, expand marketing pact
American Airlines plans to acquire about 5% of Brazilian carrier Gol’s shares for R1.05 billion ($200 million) as part of a plan by the airlines to expand an existing marketing and codeshare agreement.
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NewsGol accelerates fleet renewal with 28 Boeing 737 Max
Brazil’s Gol has signed agreements for 28 more Boeing 737 Max aircraft as it renews its fleet more quickly than originally planned.
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NewsGol recovery on track as Brazil vaccinations climb: CEO
Brazil’s Gol experienced increased customer demand in the second quarter as the rate of vaccination against the Covid-19 virus also rises in the vast Latin American country.
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NewsGol expects second-quarter net operating revenues of $188 million
An improvement in Gol’s domestic flight sales in May has led the Brazilian carrier to revise its outlook for the second quarter, for which it expects to report net operating revenues of R$1 billion ($188 million).
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NewsGol sees bookings rise as Covid cases recede
Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans.
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NewsGol slashes April capacity as Brazilian Covid-19 cases rise
Gol will operate 50 aircraft in April, down from 63 the previous month, in response to reduced demand for air travel as Brazil battles rising Covid-19 infection rates.
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NewsGol tweaked 737 leasing agreements in January
Gol renegotiated aircraft leasing agreements January, securing new terms that the airline says will save it R1.2 billion ($216 million) over one year.
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NewsGol’s 2020 loss nears R5bn despite profitable final quarter
Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million).
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NewsHard-hit Latin American airlines set for an uneven recovery
Latin American airlines’ climb out of the coronavirus-driven downturn will likely be bumpier than their peers on other continents. Economic instability coupled with widely divergent travel restrictions, newly imposed taxes and a lack of government financial aid will make for an uneven recovery.
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Airline BusinessTurbulence in South America’s airline industry will pass
Gol chief financial officer Richard Lark explains how current woes are being exacerbated by pre-pandemic overcapacity, but that they will be overcome in a region used to handling crises
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NewsGol to resume 737 Max operations on 9 December
Brazilian low-cost carrier Gol will resume flying the Boeing 737 Max aircraft from 9 December, making it the first airline in the world to do so, following the type’s 20-month grounding worldwide.
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NewsGol makes second attempt to merge with Smiles loyalty programme
Brazilian low-cost carrier Gol has for the second time proposed merging its Smiles loyalty programme with the airline.