Gol expects Q2 net operating revenues of $188m

An improvement in Gol’s domestic flight sales in May has led the Brazilian carrier to revise its outlook for Q2, for which it expects to report net operating revenues of R$1b ($188m). “The successful completion of the vaccination roll-out expected in Brazil this year, combined with our already improved cost base and stronger balance sheet, gives us confidence in our performance for the second half of 2021,” states CE Paulo Kakinoff. “We will also benefit from a reduced fleet cost for the next decade as we take more deliveries of the 737 Max aircraft that will compose a significant part of the Gol fleet.” For the second half of this year, the carrier is expecting net operating revenues of R$6b, it said in its preliminary guidance on 26 May. EBITDA excluding non-operating expenses and depreciation related to fleet idleness and personnel-related costs is expected to be R$100m in the quarter and R$2b in the second half-yearly period. Total liquidity is anticipated to stand at R$4.2b in the quarter and R$4.5b in the second half. The carrier also anticipates average domestic routes served to reach 114 in the quarter and 159 in the second half.<br/>