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Gol Linhas Aéreas Inteligentes Gestione
Criteri Gestione verificati 2/4
Al momento non disponiamo di informazioni sufficienti sull'amministratore delegato.
Informazioni chiave
Celso Ferrer Junior
Amministratore delegato
n/a
Compenso totale
| Percentuale dello stipendio del CEO | n/a |
| Mandato del CEO | 2.8yrs |
| Proprietà del CEO | n/a |
| Durata media del management | 2yrs |
| Durata media del Consiglio di amministrazione | 3.3yrs |
Aggiornamenti recenti sulla gestione
Recent updates
Seeking Alpha • Nov 24
Gol Linhas Aéreas Inteligentes: Q3 Earnings, Not Enough To Turn Bullish
Summary The Brazilian airline Gol reported upbeat third-quarter results, with significant increases in revenues and EBITDA. The company's performance is influenced by factors such as fuel prices, exchange rates, and the ability to pass on costs to tickets. GOL faces risks related to fleet projections, aircraft deliveries, fuel prices, and ongoing efforts to restructure liabilities. Gol's valuation shows mixed metrics compared to domestic peers like Azul and LATAM Airlines. Read the full article on Seeking AlphaSeeking Alpha • Nov 11
Gol: The Long And Winding Road
Summary GOL's 3Q23 results were decent, with a lower yield but a better load factor. The airline has downgraded its guidance due to lower pricing and higher non-fuel costs. The recent warrant issue and debt for equity swap have negatively impacted minority shareholders and GOL's equity appreciation potential. Read the full article on Seeking AlphaSeeking Alpha • Sep 28
Gol Linhas: Worst Priced In?
Summary Gol Linhas Aéreas Inteligentes S.A. announces surprise capital increase of up to 4.3x more shares, benefiting debt holders but diluting equity investors. The capital increase will allow Gol Linhas to reduce expensive debt and boost free cash flow. New Price Target of US$5.6 +124%, factors in capital increase. Read the full article on Seeking AlphaSeeking Alpha • Sep 19
Gol Linhas: Positive Q2, Yet Fragility Amid Macro Headwinds
Summary Brazilian airline Gol Linhas Aéreas had a favorable first half of 2023 due to lower fuel prices, a weaker U.S. dollar, and increased passenger demand. The airline reported strong financial results in Q2, including a robust EBITDA margin and reduced leverage. Challenges may arise in the second half of the year with potential increases in fuel costs and a stronger U.S. dollar, which could impact Gol's performance. Read the full article on Seeking AlphaSeeking Alpha • Jul 12
Gol: Despite A Quant Top Pick, I Remain Neutral
Summary While Gol Linhas Aéreas Inteligentes' shares have received a phenomenal quant rating, it's important to exercise caution and avoid getting too carried away. Gol underwent a significant debt restructuring in February, easing short-term cash pressures and leading to a rally of over 170% in its shares. Despite positive growth, Gol's high leverage and reliance on the domestic market could pose challenges, particularly in light of projected economic slowdowns. Read the full article on Seeking AlphaSeeking Alpha • May 23
Gol Airlines: Looks Like A Buy But Is A Hold
Summary Gol Linhas Aéreas Inteligentes' results are impressive. The outlook for 2023 is equally impressive. Despite all of the positives I am seeing, the stock seems to be a more comfortable hold than buy. Read the full article on Seeking AlphaSeeking Alpha • Feb 07
GOL Linhas Aéreas Inteligentes sees ~8% growth in January prelim departures
GOL Linhas Aéreas Inteligentes (NYSE:GOL) on Tuesday reported preliminary air traffic figures for January, with total supply (ASK) up 6.2% Y/Y. Total seats increased 7.3% and number of departures grew 7.9%. GOL's total demand (RPK) increased 8.9%, with load factor at 84.7%. Domestic ASK decreased 3.0% and RPK rose 0.3%. Domestic load factor was 85.6%. The volume of departures increased by 3.5% and seats increased by 3.0%. International supply ASK was 1,175 million, the demand RPK was 396 million and international load factor was 77.5%.Seeking Alpha • Jan 26
Gol Is Overvalued, And Less Valuable Than Azul
Summary GOL is one of the two largest Brazilian airlines. The company trades at a market cap below that of the pandemic crisis. However, I believe the company is still overvalued, because it is far away from reaching the profitability that would justify its current market cap. Furthermore, the company uses much lower rates to determine its fixed asset costs than its competitor Azul. Gol Linhas Aereas (GOL) is one of the two largest Brazilian airlines. I wrote hold rated articles on GOL in December 2021 (-52% since), and September 2022 (-24% since). Although the company is now trading at a market cap below that of the pandemic crisis, I still do not believe GOL is an opportunity. The reason is that the company is far away from profitability figures that justify its current market cap, even making optimistic assumptions. Furthermore, I believe GOL's expenses are understated with respect to Azul (AZUL), which makes its financials look better. Note: Unless otherwise stated, all information has been obtained from GOL's filings with the SEC. Business For a more detailed review, please read the articles from December 2021 and September 2022. Undesirable industry: In general, airlines are not an industry where companies can be profitable. Fixed costs are high and that stimulates volume-based competition. Customers are savvy and look for prices. Regulators do not allow unprofitable competitors to leave the market. Gol has a mixed strategy: Gol is supposedly positioned as a low-cost airline, and indeed it charges a lower yield per kilometer than Azul, but it also offers premium-like services like free food, entertainment in flight, and miles programs. I do not believe this is consistent. Single aircraft model: Gol operates using only Boeing 787 (in different variations). This is supposed to provide operational advantages. I prefer Azul's strategy of a differentiated fleet given Brazil's diverse demographics. High debt and dilution: Both GOL and AZUL carry high levels of debt (about R$10 and R$12 billion each), but GOL has also issued shares in the last few years, diluting its shareholders. This has allowed it to carry a higher asset base than AZUL (second chart). Data by YChartsData by YCharts Recent developments Recovery is still undergoing: Just like AZUL, GOL's revenues are climbing, as well as its EBITDA margin. For the 9M22 period, the company more than doubled 9M21 revenues and reduced its operating loss from R$2 billion to almost operational breakeven. The 3Q22 quarter already presented a R$40 million operating profit. Differing from AZUL, GOL's traffic continues growing on a YoY basis as of December. However, GOL's revenues are still below those of AZUL. In terms of unit profitability, passenger-kilometer yield minus the cost of average offered seat per kilometer currently stands at R$0.09, above the negative values seen in 2021. Debt and CAPEX still underway: While AZUL has taken a more conservative attitude in terms of CAPEX and debt, GOL has been more aggressive. The company issued shares to American Airlines for $200 million in capitalization in June, and it has signed agreements for $80 million in financing for engines and issued notes for $200 million, still not in the company's books as of 3Q22. Comparing AZUL and GOL EBITDA margin: At the EBITDA level, AZUL seems to be more profitable, with margins averaging 30% for the 2016-2020 period, compared with margins of 25% for GOL, according to the company's fundamentals spreadsheets (GOL and AZUL). Lease financing rates: The companies differ greatly in the expense paid for their leases, for two reasons. First, AZUL has more of its fleet on lease compared to GOL. But most importantly, GOL's rates are lower than those of AZUL. While GOL's lease rates without purchase options stand at 12.5%, those of AZUL reach 21%. In a competitive industry like leasing, these should converge. The rates were close to 10% for both companies in 2019 (GOL and AZUL). Depreciation rates: In this realm again AZUL is less favored. AZUL is currently depreciating at twice the rate of GOL, and on average it has depreciated about 40% faster than GOL. Data by YCharts Valuation Even without normalizing AZUL with GOL (given that I consider both companies not an opportunity) I will show that GOL is far away from delivering acceptable profitability. If it cannot deliver with current financials, even less so if they converge with those of AZUL. Similar to what we did with AZUL, we assume income tax rates of 35%. In the case of GOL, we will assume an EBITDA margin of 25% (more in line with the company's average before the pandemic), lease and depreciation costs of R$2.8 billion (35% lower than those of AZUL), and financing costs of R$800 million (7% on R$12 billion in loans, mostly dollar-denominated). Considering these assumptions, the company's breakeven revenue level is R$14.5 billion, or about R$3.6 billion per quarter, about the level it posted in 3Q22. The company did not reach breakeven because its EBITDA margin was much lower than our assumption, only 17%.Seeking Alpha • Dec 22
Gol Is High Risk Big Reward
Summary Traffic and margins recuperate to pre-pandemic levels in 2023. Free cash flow generation begins de-leveraging cycle. Valuation points to 50% upside. Summary Gol Linhas Aéreas Inteligentes S.A. (GOL) could see EBITDA more than double in 2023 as its traffic revenue ((RPK)) fully recuperated from pandemic on the return of corporate travel. This should lead to higher aircraft utilization, positive cash generation and an upgrade in its debt rating that would start a virtuoso cycle to positive earnings and valuation. Gol is still a long shot with plenty of risks but with key triggers in 2023 that provide substantial upside into 2024. Back from the pandemic Brazil has a 60%/40% corporate /leisure passenger mix, with business far less price sensitive than tourist. While both were hurt by the pandemic, leisure recuperated faster, as has been seen in the rest of the world. Thus GOL's RPK is still climbing to pre pandemic levels and should grow by 20% in 2023. This has clear scale, productivity and margin gains as highlighted in the 3Q22 earnings call. The company expects to reach full aircraft utilization (12hrs a day) by 4Q22 which reduces fixed costs and generates healthy EBITDA margin which could reach the 20% level. During the next few years Gol will transition from the BA 737 Neo to the 737 Max that are 15% more fuel efficient and should boost structural margins on lower operating costs. This fleet upgrade will be financed via leases at somewhat lower rates. RPK recuperating to base 2019 (Created by author with data from Gol and Azul) Aircraft Capacity vs Feet Recuperation (Created by author with data from GOL) Fuel and BRL are key variables Jet fuel volatility is not always easy to pass on to airfare (yields) and can be exasperated by the volatility of the Brazilian Real since jet fuel is priced in USD. Gol has hedged about 25% of its fuel needs 12 months out that provided some cushion but any oil and or BRL spike will cut into margins. The opposite is also very true. Brazil Real and Jet Fuel Volatility (Created by author with data from Capital IQ) Debt and leverage GOL, has a junk debt rating from Moody's, S&P and Fitch, which impacts the cost of debt and leases. If the operating scenario evolves as expected, GOL should improve cash flow and liquidity that would lead to an upgrade in its debt rating and help reduce financials cost that in turn drives valuation. Free Cash Flow and ND/EBITDA (Created by author with data from GOL) EBITDA vs Net Fin Exp (Created by author with data from GOL) Gol has nearly R$24bn in debt of which half are aircraft leases with an average 10.2% annual cost. The next debt maturity is in July 2024 that the company will need to roll over. This is a US$350m convertible bond with a strike price of around R$37 deep out of the money. GOL Debt Structure (Created by author with data from Capital IQ) Smiles Gol bought back the minority stake in its fidelity program, called Smiles, in 2021 that is highly profitable and should provide annual savings of R$400m on synergies and lower taxes. The fidelity programs at most major airlines are solid cash generators as banks buy frequent flyer miles to then reward credit card customers. These pre-paid RPKs are priced to earn over 50% while expired miles (breakage) are 100% margin.Seeking Alpha • Nov 17
GOL: On Track For A Post-COVID Recovery
Summary GOL’s recovery remains on track. Capacity cuts at GOL and throughout the industry signal an improving industry outlook. Debt levels are high, but at the current valuation, there is ample safety margin. GOL Linhas Aereas Inteligentes SA (GOL) continues on its post-COVID recovery path, with Q3 EBITDA and cash generation improving significantly YoY and the updated guidance still calling for positive EBITDA generation this year. While profitability missed consensus estimates this time around, the increasingly rational industry dynamic is a key positive, allowing airlines to pass through higher costs into tariffs. Any cutbacks in capacity could weigh on the near-term financial results, though the positive outlook for unit revenue management, fleet transformation, and hedging strategies should provide some offset. Jet fuel prices also look to have peaked and should moderate over time, further enhancing airlines’ pricing power in the mid to long term. As GOL recovers profitability towards pre-COVID levels, the stock offers significant re-rating potential from the current ~4x FY24 EBITDA valuation. JP Research Silver Linings from GOL’s Quarter GOL’s R$4.0bn in net revenues for Q3 more than doubled its prior year’s results as a healthy pricing and demand environment in the Brazilian airline industry prevailed. The yield performance was particularly strong at R$0.45, while RASK (i.e., the unit revenue of ‘revenue per available seat kilometer’) came in +48% YoY at R$0.39. By comparison, the airline's CASK (‘cost per available seat kilometer’) ended the quarter at R$0.386. As a result, GOL’s reported EBIT was positive at R$40.7m, or a 1.0% EBIT margin, even if it fell just short of consensus estimates. On an adjusted basis (excluding non-recurring expenses), EBIT would have been closer to R$R$262m, implying an adj. margin of 6.5%. GOL Linhas Aereas Inteligentes SA While bears will point to the net loss for this quarter, the influence of non-cash items such as depreciation and monetary variations was also greater than expected, clouding the underlying earnings power. Importantly, GOL still saw positive free cash flow generation at R$94m for the quarter, along with cash flow from operations of R$465m. The yield improvement and the strong cash generation validate the case for a more rational competitive environment for Brazilian airlines, in my view. Having seen industry players outline plans to adjust capacity and prices recently, the initial results are already flowing through to the P&L. Continued industry discipline and a more consolidated industry post-COVID bode well for GOL’s earnings growth outlook. Guidance Revisions Point to More Industry Discipline GOL revised downward some of its guidance assumptions for the full year, most notably its capacity outlook, which now stands at a +50-55% YoY increase in ASK (down from the previous guidance of 55-65%). This still implies a load factor of 81%, with the mid-point of the guidance range also implying a Q4 RASK >40% above pre-COVID levels. While cutting capacity might not seem accretive at first glance, it should help recover profitability and better aligns supply with demand. More broadly, GOL’s decision is in line with its industry peers, reinforcing the case for a more rational industry heading into potential macro challenges ahead. GOL Linhas Aereas Inteligentes SA Meanwhile, revenue is guided to be R$15.4bn for the year (unchanged from the previous guidance). The upward revision to the fuel price assumption (R$5.9/liter) also means the adj EBIT margin is now set to end the year at 7.0% (excluding non-recurring maintenance expenses). There could be upside to these numbers, though, with management noting promising booking numbers for Q4 ahead of a continued recovery in corporate travel as well as a healthy pricing environment. 2023 should also see tailwinds from a sequential capacity increase, which should offset any unforeseen FX or oil price fluctuations ahead. Elevated Debt but Funding Risks Manageable for Now As of Q3, GOL had R$25.5bn of gross debt on its balance sheet against a R$3.7bn liquidity position (comprising mainly cash and receivables). Also concerning is that a sizeable portion of the debt is USD-denominated and, thus, exposed to FX fluctuations. That said, there are levers available to management on the liability management front. These include negotiations with leasing companies on the B-737 MAXs (existing and newer contracts) and leveraging its unencumbered ‘Smiles’ loyalty program asset.Seeking Alpha • Nov 07
GOL sees ~37% growth in October prelim departures
GOL Linhas Aéreas Inteligentes (NYSE:GOL) has announced preliminary air traffic figures for the month of October 2022 with total supply (ASK) increased 46.0%. Total seats increased 37.6% and the number of departures increased by 37.4%. GOL's total demand (RPK) increased by 40.9% and the load factor was 81.4%. GOL's domestic supply (ASK) increased 30.2% and demand (RPK) increased by 26.0%. GOL's domestic load factor was 81.6%. The volume of departures increased by 30.9% and seats increased by 31.1%. GOL's international supply (ASK) was 384M, the demand (RPK) was 306M and international load factor was 79.7%.Seeking Alpha • Oct 27
GOL Linhas GAAP EPS of -R$3.70, revenue of R$4B
GOL Linhas press release (NYSE:GOL): Q3 GAAP EPS of -R$3.70 (vs. -R$6.38 Y/Y). Revenue of R$4B (+110.5% Y/Y). Shares +2.3% PM.Seeking Alpha • Oct 13
GOL Linhas guides for Q3 loss of $0.7/share
Brazilian low-cost airline GOL Linhas Aéreas Inteligentes (NYSE:GOL) expects a loss per share of ~R$1.8 for the third quarter of 2022. Loss per American Depositary Shares are projected to be US$0.7. Analysts call for loss of -$0.19 per share. Passenger unit revenue is likely to be up ~45% Y/Y, driven by the continued growth in domestic demand for leisure travel combined and the gradual recovery in international travel. Smiles revenues increased by 53% when compared to same period of 2019 with a 31% growth in the customer base versus 3Q19. The total unit revenue is also expected to be up ~45% Y/Y. Furthermore, the airline expects non-fuel unit costs to decrease by ~25% Y/Y, mainly due to increase in ASKs, productivity (aircraft utilization and operating efficiency). Fuel unit costs, meanwhile, are expected to rise ~87% Y/Y, driven by an 89% growth in the average jet fuel price. The company will discuss its Q3 results in a conference call on October 27, 2022.Seeking Alpha • Oct 05
GOL Linhas Aéreas preliminary ASK up 36.9% in September
GOL Linhas Aéreas Inteligentes (NYSE:GOL) on Wednesday reported Sept. preliminary air traffic figures, with total supply (ASK) up 36.9% Y/Y. The Brazilian airline's total demand (RPK) in Sept. increased 41.4%, while load factor was 81.7%. Domestic ASK increased 23%, RPK rose 27% and load factor was 81.7%. International ASK was 323M, RPK was 265M and load factor was 82%.Seeking Alpha • Sep 01
Gol Is Still Risky And Overpriced
Summary Gol is recovering from pandemic unprofitability. However, the company still faces enormous debt and lease commitments. For Gol to deliver even moderate returns under optimistic assumptions, its market should expand by more than 50%. Gol Linhas Aereas (GOL) is one of the main airlines in Brazil. Last year I covered Gol, with a hold recommendation, given that the company was indebted, generating significant losses, and that its history did not show significant profitability. Since that article was published in December 2021, the stock fell more than 40%. In this review of the company's position, I find that Gol is now generating operating profits, and revenues similar to those generated in 2019, with lower demand. This is a necessary step for the company to continue as a going concern. However, I believe the growth assumptions embedded in the current stock price are still too optimistic. Even if the company managed to increase prices to match rising costs, particularly that of fuel, and reach an operating margin of 10%, it would need to grow passenger demand by 50% above 2019 levels to justify its current $800 million market cap. Note: Unless otherwise stated, all information has been obtained from GOL's filings with the SEC. A quick sidenote on the industry Usually, I start with an analysis of the industry the company covered operates in. In this case, because I have already covered the Brazilian airline industry in a previous article about GOL and in a recent article about AZUL, I will avoid repetition. The TLDR summary is that the airline industry is prone to significant rivalry, with very low bargaining power with any stakeholder (customers, suppliers, employees). Added to significant fixed costs from capital investments in planes, this leads to airlines generally being barely profitable or unprofitable. In particular in Brazil, the industry has three major competitors, GOL, AZUL and Latam, with very similar market shares for domestic transportation, around 30%. The industry differs from that of the US because it has been growing fast, doubling in the past two decades. It still has significant room to grow, given Brazil's relative underdevelopment in this area compared to developed countries, and considering the much more explosive growth of the Asian airline industry. Gol is improving but at a slower pace than Azul Just like Azul, Gol is coming back from the grave, with revenues finally reaching 2019 comparable levels in reais. In particular, Gol revenues surpassed same quarter 2019 results in 2Q22, by 3%. Azul got to that milestone a few quarters earlier, by 4Q21. The problem is that Gol's costs, particularly that of fuel, have gone up significantly compared to 2019. While in 1H19 Gol posted a healthy 13% operating margin for R$825 million reais in operating profits, it posted a R$115 million operating loss in 1H22 with higher revenues. The most significant factor in the decrease of profitability is the increase of fuel prices. According to ANAC, a liter of jet fuel, never above R$2.4 for the past decade, was priced at R$5.6 in June 2022. For Gol this means the average cost of a kilometer flown per passenger, known as CASK, was R$0.38 against last quarter, R$0.24 three years ago. Other prices also affect Gol's profitability, because ex-fuel CASK also increased more than 50% in the same period. The average price paid by passengers per kilometer, known as yield, grew only 40%. With better cost management, Azul was able to post operating profits in 1H22 for R$200 million. Azul's fuel prices also went up 50% or more compared to 2019, and its prices actually grew less than Gol's, by only 30%. The difference is that other costs were kept at bay, growing only 20%. Significant financial risks For FY20 and FY21, Gol's auditors included a going concern comment on the company's 20-F reports. This means the auditors considered there was a risk the company might not be able to continue operating. The reasons were Gol's losses combined with significant debts and commitments. As of 2Q22 Gol posted R$12 billion in loans, mostly dollar denominated, paying an average of 7% fixed. That comes to about $2.3 billion principal and $161 million in yearly interest. The maturity schedule included is concentrated in 2024, 2025 and 2026, with every year having about R$4 billion in maturities. In terms of leases, the company is currently paying expensing another R$4 billion yearly, divided between R$3 billion in operating costs and R$1.5 billion in financing costs. The company also has about R$20 billion in airplane purchase commitments with Boeing (BA). These are of a different nature because they can be negotiated with lessors, which can provide the financing to purchase the planes. Of course, Gol cannot currently generate the liquidity to repay its loans and lease commitments, without mentioning the purchase commitments. However, if the company continues being profitable, it might be able to roll-over its debts. The same situation is true for Azul. This adds significant risk to the company. If anything goes south in terms of operations or profitability, it could face default. In a positive note, the company received an equity injection from American Airlines (AAL), for about R$1 billion or ~$200 million, in exchange for traded preferred shares (the ones behind the company's ADS). The proceeds were used to repay debts. Interestingly, American Airlines paid a 230% premium over the stock price, receiving shares priced at R$43 when the then current stock price was below R$15. What is being priced for Gol? With a current market cap of $840 million, we can calculate what would be needed for Gol to generate about $85 ~R$425 million in earnings. Because Gol has significant carryforward losses, that can be cancelled against 30% of income taxes, it can reduce its tax rate to 25%, instead of the Brazilian 35%. That means pretax income of R$566 million. Then we have to add R$800 million in interest from loans and R$500 million of the lease interest considered in financial expenses. That adds to about R$1.9 billion in operating profits. To determine how much revenues are needed, we need to determine an operating margin. The average of the decade before COVID was 4.2%, but considering the improvement in profitability after 2016, we could plug an 8 or 10%.Seeking Alpha • Jul 27
GOL Linhas Q2 2022 Earnings Preview
GOL Linhas (NYSE:GOL) is scheduled to announce Q2 earnings results on Thursday, July 28th, before market open. The consensus EPS Estimate is -$0.66 (vs. $1.62 last year) and the consensus Revenue Estimate is $587.13M (-43.0% Y/Y). Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 4 upward revisions and 1 downward.Seeking Alpha • Jul 11
Gol Linhas guides Q2 earnings below consensus
Gol Linhas Aéreas Inteligentes (NYSE:GOL) has issued its preliminary estimates for the second quarter of 2022, expecting loss per share and loss per ADS of ~R$1.801 and US$0.751, respectively. The consensus EPS estimate for the quarter is -$0.49. The airline expects total unit revenue to grow ~40% Y/Y, with passenger unit revenue to be up ~50% Y/Y, driven by the strong recovery in corporate travel on its domestic and regional networks and the return of leisure travel on its international network. EBITDA margin for the quarter is expected to be ~10%. Non-fuel unit costs are likely to decrease 40%, mainly due to the increase in productivity (ASKs, aircraft utilization and operating efficiency) and the appreciation of the Brazilian Real versus the U.S. Dollar. Fuel unit costs, meanwhile, are estimated to increase ~73% Y/Y, driven by an 80% growth in the average jet fuel price. GOL's total liquidity at quarter-end is expected to be at R$3.6B.Seeking Alpha • Mar 17
Gol Linhas: FY22 Guidance Cut, Elevated Leverage
Gol Linhas cut its 2022 guidance and continues to report losses. The balance sheet remains weak, and deleveraging looks difficult. Despite the relative valuation discount, shares appear unattractive.Seeking Alpha • Dec 16
GOL May Survive But Is Way Overpriced
The company is heavily indebted and there are doubts about its capacity to continue as a going concern. During its more than 20 years in operations, its profitability fundamentals have deteriorated substantially. The main reason is it operates in a fierce competition industry. Even if the company became solvent, it would not prove profitable enough to justify a $1 billion market cap.Seeking Alpha • Oct 05
Gol Airlines: Well-Positioned For Reopening Following Latest Codeshare Agreement
Gol Airlines will expand its commercial cooperation with American Airlines Group through an exclusive codeshare agreement for the next three years. Alongside the clear strategic benefits from the agreement, the $200 million investment by American also comes at a steep premium, validating the equity value. Gol remains a compelling post-COVID-19 reopening play heading into a potential volume rebound towards year-end.AMMINISTRATORE DELEGATO
Celso Ferrer Junior (41 yo)
2.8yrs
Mandato
Mr. Celso Guimarães Ferrer Junior serves as Chief Executive Officer of Gol Linhas Aéreas Inteligentes S.A. since July 01, 2022, serves as its Executive President and served as its Vice President since July...
Gruppo dirigente
| Nome | Posizione | Mandato | Compensazione | Proprietà |
|---|---|---|---|---|
| CEO & Executive President | 2.8yrs | Nessun dato | Nessun dato | |
| Executive VP | 2yrs | Nessun dato | Nessun dato | |
| VP Director & Chief Commercial Officer | 1.8yrs | Nessun dato | Nessun dato |
2.0yrs
Durata media
Gestione esperta: Il team dirigenziale di GOLL.Q è considerato esperto (durata media dell'incarico 2 anni).
Membri del Consiglio di amministrazione
| Nome | Posizione | Mandato | Compensazione | Proprietà |
|---|---|---|---|---|
| Member of Fiscal Council | 6.1yrs | Nessun dato | Nessun dato | |
| Chairman of the Board | 24.3yrs | Nessun dato | 0.014% $ 13.2k | |
| Director | 21.2yrs | Nessun dato | 0% $ 0 | |
| Independent Director | 1.3yrs | Nessun dato | Nessun dato | |
| Director | 2yrs | Nessun dato | Nessun dato | |
| Independent Director | 3.3yrs | Nessun dato | Nessun dato | |
| Independent Director | 9yrs | Nessun dato | Nessun dato | |
| Independent Director | 3.3yrs | Nessun dato | Nessun dato | |
| Director | 3.3yrs | Nessun dato | Nessun dato | |
| Chairman of Fiscal Council | 7.1yrs | Nessun dato | Nessun dato | |
| Member of Fiscal Council | 3.1yrs | Nessun dato | Nessun dato | |
| Independent Director | 1.3yrs | Nessun dato | Nessun dato |
3.3yrs
Durata media
56yo
Età media
Consiglio di amministrazione esperto: I membri del consiglio di amministrazione di GOLL.Q sono considerati esperti (durata media dell'incarico 3.3 anni).
Analisi aziendale e situazione dei dati finanziari
| Dati | Ultimo aggiornamento (ora UTC) |
|---|---|
| Analisi dell'azienda | 2025/05/29 11:26 |
| Prezzo dell'azione a fine giornata | 2025/05/27 00:00 |
| Utili | 2025/03/31 |
| Utili annuali | 2024/12/31 |
Fonti dei dati
I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.
| Pacchetto | Dati | Tempistica | Esempio Fonte USA * |
|---|---|---|---|
| Dati finanziari della società | 10 anni |
| |
| Stime di consenso degli analisti | +3 anni |
|
|
| Prezzi di mercato | 30 anni |
| |
| Proprietà | 10 anni |
| |
| Gestione | 10 anni |
| |
| Sviluppi principali | 10 anni |
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* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.
Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.
Modello di analisi e Snowflake
I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.
Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.
Metriche di settore e industriali
Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.
Fonti analitiche
Gol Linhas Aéreas Inteligentes S.A. è coperta da 15 analisti. 3 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.
| Analista | Istituzione |
|---|---|
| Daniel Spilberg | Barclays |
| Luan Calimerio | BB Banco de Investimento S.A. |
| Rogério Araújo | BofA Global Research |