GOL, Brazil’s largest domestic airline recorded the highest net operating revenue in its history reaching R$4,0 bn, about 109% above the Q3 of 2021. The airline carried around 6.9 million passengers in the Q3 of 2022, almost 39% more than in 2021 Q3, but 19% below the pre-pandemic level.
The airline closed the third quarter of 2022 with R$3.7 bn as total liquidity. GOL took delivery of three new Boeing 737 MAX-8 aircraft during the quarter. The airline has an operating fleet of 37 aircraft as on September 30, 2022.
Celso Ferrer, CEO of GOL, said: "My primary focus is to provide value to our customers in the current economic climate. I believe we can achieve that by further harnessing GOL's inherent strengths in its flexible and cost-efficient business model. As such, in the last three months, we have strengthened initiatives to increase productivity, consistency in our operations, and service to our customers. I thank our Team of Eagles, our Customers, Suppliers, and Partners for their support in achieving this goal."
The average and domestic load factor of GOL remained stable at 81% while the international load factor rose to 84.3%. GOL reported a recurring net loss of R$596.2 million.