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- Gol Linhas Aereas Inteligentes SA (NYSE:GOL) provided preliminary results for 4Q21.
- The company expects a Loss Per Share of ~R$(1.33) and a Loss Per American Depositary Share (EPADS) of $(0.48).
- The company anticipates an EBITDA margin of ~ 35%.
- The company expects passenger unit revenue to be up ~35% year over year, CASK ex-fuel to decrease by ~12%, primarily due to increased productivity, Fuel unit costs to increase by ~55%, driven by a 75% increase in the average fuel price.
- Total Demand – RPK expected to be up ~15.4% Y/Y; Total Capacity – ASK up 13.2% Y/Y; and Total Capacity – Seats up by 20.9% Y/Y.
- GOL's financial leverage Net Debt/EBITDA ratio was ~5.6x at the end of Q4.
- The company amortized ~R$200 million of debt in the quarter. It expects total liquidity at quarter-end to be at R$3.6 billion.
- Price Action: GOL shares are trading lower by 2.73% at $5.52 on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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