São Paulo, July 31, 2020 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), (“GOL” or “Company”), Brazil’s biggest domestic airline, provides an Investor Update. All information is presented in Brazilian Reais (R$). The information below is preliminary and unaudited.
GOL's planned capacity for 3Q20 represents a 300% growth over 2Q20. The Company estimates an average operating fleet of 69 aircraft for the quarter and expects to end September with 74 operating aircraft, representing 60% of the operating fleet in the same period last year. For the quarter ended September 30 GOL, expects a load factor of approximately 79%, and revenue is expected to decrease approximately 73% compared to the same period last year. Total expenses are expected to decrease by approximately 70%, due to initiatives to reduce costs, lower capacity and fuel consumption.
GOL expects to end 3Q20 with R$2.9 billion in liquidity and R$13.8 billion in adjusted net debt. Several important initiatives will be critical to ensure that GOL maintains liquidity at expected levels at the end of 3Q20.
With the objective of assisting investors and analysts in understanding how GOL is approaching its short-term planning, the Company is sharing these metrics: