SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

REPORT OF FOREIGN ISSUER 
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2020

(Commission File No. 001-32221)

 

 

GOL LINHAS AÉREAS INTELIGENTES S.A.

(Exact name of registrant as specified in its charter)

 

GOL INTELLIGENT AIRLINES INC.

(Translation of registrant’s name into English)

 

 

 

Praça Comandante Linneu Gomes, Portaria 3, Prédio 24
Jd. Aeroporto 
04630-000 São Paulo, São Paulo
Federative Republic of Brazil

(Address of registrant’s principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file 
annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F ______

Indicate by check mark whether the registrant by furnishing the 
information contained in this Form is also thereby furnishing the 
information to the Commission pursuant to Rule 12g3-2(b) under 
the Securities Exchange Act of 1934. 

Yes ______ No ___X___

 

 

 

GOL discloses preliminary traffic figures for March 2020

 

 
 

 

São Paulo, April 6, 2020 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil’s largest domestic airline, announces today preliminary air traffic figures for the month of March 2020, compared to the same period in 2019.

During the month of March, GOL adjusted its network in both domestic and international markets to account for the decrease in customer demand as Brazilians take responsible steps to socially distance and avoid travel during the COVID-19 pandemic.

In the period between Monday, March 1 to Friday, March 13, which was unaffected by COVID-19, the occupancy rate on GOL's domestic flights was approximately 82%, with preservation of yields in the same period. GOL’s strong discipline in capacity and yield management, based on our highly adaptable and flexible single-aircraft type fleet, allowed us to adjust our flight offer in an agile and rational way. On March 16, we reduced domestic flights by 50% to 60% and international flights by 90% to 95%, while remaining alert to the evolving situation. As the effects of COVID-19 reduced demand further, on March 28, 2020, the network was reformulated to guarantee essential service to Brazilian State capitals from the Guarulhos International Airport (GRU). This resulted in a 92% decrease of domestic flights, and a temporary halt of all scheduled international flights. New adjustments will be made to ensure GOL’s flight capacity matches the new levels of demand.

March 2020 Highlights: 

|         GOL’s total flight offer (ASK) decreased 22.2%. Total seats decreased 23.1% and the number of departures decreased by 21.2%. GOL's total demand (RPK) decreased by 29.7% and the occupancy rate was 71.6%.

|         GOL’s domestic flight offer (ASK) decreased 20.4% and demand (RPK) decreased by 27.4%. GOL’s domestic occupancy rate was 72.8%. The volume of departures decreased by 20.8% and seats decreased by 22.7%.

|         GOL’s international flight offer (ASK) and demand (RPK) decreased by 31.7% and 42.9% respectively, and international occupancy rate was 63.8%.

                                         

Monthly Traffic Figures (¹)

 Quarterly Traffic Figures(¹)

LTM Traffic Figures (¹)

Operational data *

Mar/20

Mar/19

% Var.

1Q20

1Q19

% Var.

Mar/20
LTM

Mar/19 LTM

% Var.

Total GOL

     

 

 

 

     

Departures

15,810

20,071

-21.2%

62,969

63,771

-1.3%

258,575

247,928

4.3%

Seats (thousand)

2,700

3,509

-23.1%

10,836

11,148

-2.8%

45,262

43,061

5.1%

ASK (million)

3,081

3,957

-22.2%

12,464

13,039

-4.4%

50,491

48,069

5.0%

RPK (million)

2,205

3,137

-29.7%

9,860

10,625

-7.2%

41,098

38,597

6.5%

Occupancy Rate

71.6%

79.3%

-7.7 p.p

79.1%

81.5%

-2.4 p.p

81.4%

80.3%

1.1 p.p

Pax on board (thousand)

1,868

2,811

-33.5%

8,346

8,949

-6.7%

35,832

33,853

5.8%

Domestic GOL

 

 

 

 

 

 

 

 

 

Departures

14,794

18,691

-20.8%

58,581

59,399

-1.4%

241,542

235,151

2.7%

Seats (thousand)

2,526

3,267

-22.7%

10,086

10,390

-2.9%

42,326

40,800

3.7%

ASK (million)

2,667

3,352

-20.4%

10,682

11,021

-3.1%

43,600

42,668

2.2%

RPK (million)

1,941

2,675

-27.4%

8,658

9,090

-4.8%

35,989

34,662

3.8%

Occupancy Rate

72.8%

79.8%

-7.0 p.p

81.1%

82.5%

-1.4 p.p

82.5%

81.2%

1.3 p.p

Pax on board (thousand)

1,756

2,620

-33.0%

7,853

8,363

-6.1%

33,814

32,214

5.0%

International GOL

 

 

 

 

 

 

 

 

 

Departures

1,016

1,380

-26.4%

4,388

4,372

0.4%

17,033

12,777

33.3%

Seats (thousand)

173

242

-28.4%

750

758

-1.0%

2,936

2,261

29.9%

ASK (million)

414

606

-31.7%

1,781

2,018

-11.7%

6,891

5,401

27.6%

RPK (million)

264

462

-42.9%

1,201

1,534

-21.7%

5,108

3,935

29.8%

Occupancy Rate

63.8%

76.2%

-12.5 p.p

67.4%

76.0%

-8.6 p.p

74.1%

72.9%

1.3 p.p

Pax on board (thousand)

112

191

-41.2%

493

586

-15.8%

2,018

1,639

23.1%

On-time Departures

96.7%

89.6%

7.1 p.p

92.6%

87.1%

5.5 p.p

90.9%

90.2%

0.6 p.p

Flight Completion

92.2%

90.3%

1.9 p.p

97.5%

98.2%

-0.7 p.p

98.3%

97.8%

0.5 p.p

Cargo Ton

6.3

8.4

-25.7%

20.3

23.2

-12.5%

96.9

106.7

-9.2%

                                                                       * Source: Agência Nacional de Aviação Civil (ANAC) and the Company for the current month.

                            (1) Preliminary Figures

1

 GOL Linhas Aéreas Inteligentes S.A.

 

 
 

GOL discloses preliminary traffic figures for March 2020

 

 
 

 

 

GOL Investor Relations

ri@voegol.com.br

www.voegol.com.br/ir

+55 (11) 2128-4700

 

About GOL Linhas Aéreas Inteligentes S.A. (“GOL”)

GOL serves more than 37 million passengers annually. With Brazil's largest network, GOL offers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States. GOLLOG’s cargo transportation and logistics business serves more than 3,400 Brazilian municipalities and more than 200 international destinations in 95 countries. SMILES allows over 16 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in São Paulo, GOL has a team of approximately 16,000 highly skilled aviation professionals and operates a fleet of 137 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 19-year safety record. GOL has invested billions of Reais in facilities, products and services and technology to enhance the customer experience in the air and on the ground. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ir.

 

2

 GOL Linhas Aéreas Inteligentes S.A.

 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: April 6, 2020

 

 

GOL LINHAS AÉREAS INTELIGENTES S.A.

   
   

By:

/s/ Richard F. Lark, Jr.

 

 

Name: Richard F. Lark, Jr.

Title:   Investor Relations Officer

 

 

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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