GOL Announces Investor Update

SÃO PAULO, Oct. 27, 2022 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), (“GOL” or “Company”), Brazil’s largest home airline, gives an Investor Update. All data is introduced in Brazilian Reais (R$). The data beneath is preliminary and unaudited.

GOL is updating its monetary forecasts in gentle of upper jet gas costs, the outcomes obtained for the first 9 months of the yr, the present stage of tickets gross sales, and expectations on seat availability.

The Company is concentrated on its fleet transformation and expects that by the top of the yr, 44 737- MAX plane will be in operation, representing round 30% of the whole fleet. The new and extra environment friendly Boeing MAX play an necessary function in GOL’s technique within the coming years, contributing to ship enhanced productiveness, lowered unit prices, and decrease carbon emissions.

To assist traders and analysts perceive how GOL addresses its near-term planning, the Company shares the following indicators:

(1) Cargo. loyalty. buy-on-board and different ancillary revenues; (2) Recurring working outcomes; (3) Excluding forex good points and losses and Unrealized losses on Exchangeable Senior Notes; (4) Capex, internet is calculated as Gross capex (fleet capitalized upkeep) subtracted by financed Capex (credit score amenities to finance belongings acquisition and capitalized upkeep prices) ; (5) Including 7x annual plane lease funds and excluding perpetual bonds; and (6) Includes inventory choice workouts which may be issued from the inventory choice program and associated to Exchangeable Senior Notes.

Investor Relations [email protected] www.voegol.com.br/ir
+55(11) 2128-4700

About GOL Linhas Aéreas Inteligentes S.A.

GOL is the biggest airline in Brazil, chief within the company and leisure segments. Since based in 2001, the Company has the bottom unit price in Latin America, thus democratizing air transportation. The Company has alliances with American Airlines and Air FranceKLM, moreover a number of codeshare and interline agreements accessible to Customers, bringing extra comfort and easy connections to anywhere served by these partnerships. With the aim of “Being the First for All”, GOL provides the perfect journey expertise to its passengers, together with: the largest variety of seats and extra space between seats; the best platform with web, motion pictures and stay TV; and the finest frequent-flyer program, SMILES. In cargo transportation, GOLLOG delivers orders to totally different areas in Brazil and overseas. The Company has a workforce of 13,700 extremely certified aviation professionals targeted on Safety, GOL’s #1 worth, and operates a standardized fleet of 145 Boeing 737 plane. The Company’s shares are traded on the NYSE (GOL) and the B3 (GOLL4). For additional data, go to www.voegol.com.br/ri.

Disclaimer

The data contained on this press launch has not been topic to any unbiased audit or overview and incorporates “forward-looking” statements, estimates and projections that relate to future occasions, that are, by their nature, topic to important dangers and uncertainties. All statements aside from statements of historic reality contained on this press launch together with, with out limitation, these relating to GOL’s future monetary place and outcomes of operations, technique, plans, goals, targets and targets, future developments within the markets by which GOL operates or is in search of to function, and any statements preceded by, adopted by or that embody the phrases “believe”, “expect”, “aim”, “intend”, “will”, “may”, “project”, “estimate”, “anticipate”, “predict”, “seek”, “should” or comparable phrases or expressions, are forward-looking statements. The future occasions referred to in these forward- wanting statements contain recognized and unknown dangers, uncertainties, contingencies and different elements, a lot of that are past GOL’s management, that will trigger precise outcomes, efficiency or occasions to vary materially from these expressed or implied in these statements. These forward-looking statements are based mostly on quite a few assumptions relating to GOL’s current and future business methods and the surroundings by which GOL will function in the future and are not a assure of future efficiency. Such forward-looking statements communicate solely as on the date on which they’re made. None of GOL or any of its associates, officers, administrators, workers and brokers undertakes any obligation or obligation to replace or revise any forward-looking statements, whether or not as a outcome of recent data, future occasions or in any other case, besides to the extent required by regulation. None of GOL or any of its associates, officers, administrators, workers, skilled advisors and brokers make any illustration, guarantee or prediction that the outcomes anticipated by such forward-looking statements shall be achieved, and such forward- wanting statements signify, in every case, solely one among many doable situations and shouldn’t be considered because the probably or normal situation. Although GOL believes that the estimates and projections in these forward- wanting statements are cheap, they could show materially incorrect and precise outcomes might materially differ. As a outcome, you ought to not rely on these forward-looking statements.

Non-GAAP Measures

To be in step with trade observe, GOL discloses so-called non-GAAP monetary measures which aren’t acknowledged below IFRS or U.S. GAAP, together with “Net Debt”, “Adjusted Net Debt”, “total liquidity” and “EBITDA”. The Company’s administration believes that disclosure of non-GAAP measures gives helpful data to traders, monetary analysts and the general public of their overview of its working efficiency and their comparability of its working efficiency to the working efficiency of different corporations in the identical trade and different industries. However, these non-GAAP gadgets don’t have standardized meanings and will not be instantly corresponding to similarly-titled gadgets adopted by different corporations. Potential traders shouldn’t depend on data not acknowledged below IFRS as an alternative choice to the GAAP measures of earnings or liquidity in investing resolution.

SOURCE GOL Linhas Aéreas Inteligentes S.A.