All GOL articles – Page 4
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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.
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Airline BusinessWhat challenges do airlines face as they reintroduce Boeing 737 Max jets?
With the US Federal Aviation Administration’s long-awaited recertification of the Boeing 737 Max being swiftly followed by the same from Brazil’s ANAC, carriers in the Americas are preparing to reintroduce the narrowbody type to paying passengers.
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NewsAirlines gear up to return Boeing 737 Max into fleet
American Airlines will lead the way in bringing the newly re-certificated Boeing 737 Max aircraft back into its schedule after the Federal Aviation Administration gave the jet the green light to start flying again.
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NewsBrazil’s Gol reports Q3 loss, sees important recovery metrics
Brazilian airline Gol lost R1.7 billion ($301 million) in the third quarter but sees signs of industry improvement, as leisure passengers return to air travel.
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NewsGol sees Q3 as bridge to new normal
Brazilian airline Gol reported a second-quarter loss of R2 billion ($384,000) as the coronavirus crisis ravaged the air transport industry in the Latin American country.
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Airline BusinessLatin carriers feel the pain as crisis deepens
That Latin America’s two biggest operators LATAM Airlines and Avianca have both been forced to file for bankruptcy protections shows the extent to which carriers in the region have quickly found themselves under pressure during the pandemic.
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NewsGol cancels 34 Boeing 737 Max orders
Brazil’s low-cost carrier Gol says it has reached an agreement with Boeing on cash compensation for the more-than-year-long 737 Max grounding, and the termination of 34 forward orders for the company.
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NewsBrazil’s Gol down to 50 daily domestic flights
Gol has dropped its domestic capacity in Brazil by 92% and its international capacity by 100% through early May in response to falling demand during the coronavirus pandemic.
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NewsGol Q4 profit falls as Max crisis lingers
Brazil’s Gol continues to suffer from the fallout of the grounding of its seven Boeing 737 Max aircraft, reporting fourth quarter net income that was almost half of that reported for the same period in 2018.
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NewsGol speeds Max renewal plans with sale-and-leaseback on 11 Boeing 737s
Gol has signed a sale-and-leaseback deal with lessor Carlyle Aviation for 11 of its Boeing 737NGs, as the Brazil-based low-cost operator takes steps to deleverage its balance sheet
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PodcastPODCAST: Airline Business on Air Europa, Brazil, Emirates, Max
The new edition of the Airline Business podcast is now available.
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NewsBrazil takes steps towards realising airline potential
Brazil’s commercial aviation market can appear as infuriating as it is irresistible.
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Airline BusinessThe logic of IAG's swoop for Air Europa
IAG’s move to acquire Spanish leisure operator Air Europa for €1 billion ($1.1 billion) is billed as an attempt to bolster Madrid’s status as a major European hub.
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News
Gol Q3 results up despite Max grounding, unscheduled maintenance
Brazil’s low-cost carrier Gol reported a rise in third quarter revenue on increasing passenger demand and “dynamic revenue management” - flexible pricing which allows the company to constantly optimise returns - despite taking a hit for unscheduled maintenance as well as the grounding of its seven Boeing 737 Max aircraft.
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News
Aviation in Brazil hampered by litigation, taxes, regulation
A litigious culture, high taxes and regulatory issues are the main obstructions to aviation growth in Brazil, South America’s most populous country, and one that is generally considered still severely underserved in terms of air travel.
