Gol Linhas Aereas Inteligentes SANYSE: GOL

Bankrupt Brazilian airline Gol on Monday received a U.S. court's permission to probe rival LATAM Airlines' alleged effort to poach Gol's Boeing 737 aircraft.

Brazilian airline Gol is considering filing for Chapter 11 bankruptcy in the United States within the next month, newspaper Folha de S.Paulo reported on Sunday, citing sources familiar with the matter.

Brazilian airline Gol believes that quality issues across the aviation industry must be assessed and mitigation plans put in place so risks can be minimized, it told Reuters in a statement on Thursday.

Gol Linhas (GOL) benefits from the continued recovery in air-travel demand.

Gol Linhas (GOL) records year-over-year fall in traffic and capacity for December 2023.

The consolidated load factor increases to 85% in November at Gol Linhas (GOL).

Gol Linhas Aereas has seen margin expansion due to cheaper jet fuel and recovery in the Brazilian airline market. However, the company's margin expansion may be limited due to more expensive fuel and increased competition. Gol's recapitalization plan through convertible debt and warrants will lead to significant dilution for future shareholders.

Gol Linhas' (GOL) load factor for October 2023 improves to 84.5% from 81.4% in the year-ago month, owing to upbeat traffic.

GOL's 3Q23 results were decent, with a lower yield but a better load factor. The airline has downgraded its guidance due to lower pricing and higher non-fuel costs. The recent warrant issue and debt for equity swap have negatively impacted minority shareholders and GOL's equity appreciation potential.