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GOL LINHAS AÉREAS INTELIGENTES S.A.

(GOLL4)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-07-01 pm EDT
9.190 BRL   +1.32%
07/01GOL LINHAS AEREAS INTELIGENTES S A : MINUTES OF THE BOARD OF DIRECTORS' MEETING - Form 6-K
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07/01GOL LINHAS AEREAS INTELIGENTES S A : Minutes of the Board of Directors´ Meeting held on July 01, 2022
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06/24GOL LINHAS AEREAS INTELIGENTES S A : Investor Roundtable - Nyse
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Gol Shares Rise After Merger Agreement With Avianca

05/11/2022 | 08:54am EDT

By Jeffrey T. Lewis


SAO PAULO--Gol Linhas Aereas Inteligentes SA's shares climbed Wednesday after the Brazilian airline announced an agreement to merge with Colombia's Avianca Holdings SA.

The Rio de Janeiro-based Gol's shares rose 3.7% to 13.64 reais, the equivalent of $2.67, in late-morning trading while Brazil's benchmark Ibovespa stocks index was up 2.1% at the same time. Gol's shares were down 23% year-to-date through Tuesday's close.

The controlling shareholders of Gol and of Bogota-based Avianca plan to place their shares in a holding company that will control both airlines, though the two companies will maintain separate operations and brands, Gol said Wednesday morning.

Avianca filed for bankruptcy protection in the U.S. in May, 2020 as travel restriction imposed at the start of the coronavirus pandemic slashed demand for flights, and a court approved the airline's restructuring plan in November 2021.

Two other major Latin American airlines, Grupo Aeromexico SAB de CV and Chile's Latam Airlines Group SA, also filed for bankruptcy protection in 2020 because of the pandemic.


Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com


(END) Dow Jones Newswires

05-11-22 1054ET

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 3.55% 13.13 Delayed Quote.-26.89%
BRAZIL IBOVESPA 0.42% 98953.9 Delayed Quote.-5.99%
GOL LINHAS AÉREAS INTELIGENTES S.A. 1.32% 9.19 Delayed Quote.-46.74%
LATAM AIRLINES GROUP S.A. -6.96% 235.54 End-of-day quote.-27.81%
All news about GOL LINHAS AÉREAS INTELIGENTES S.A.
07/01GOL LINHAS AEREAS INTELIGENTES S A : MINUTES OF THE BOARD OF DIRECTORS' MEETING - Form 6-K
PU
07/01GOL LINHAS AEREAS INTELIGENTES S A : Minutes of the Board of Directors´ Meeting held on Ju..
PU
06/24GOL LINHAS AEREAS INTELIGENTES S A : Investor Roundtable - Nyse
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06/24TRANSCRIPT : Gol Linhas Aéreas Inteligentes S.A. - Special Call
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06/24GOL LINHAS AEREAS INTELIGENTES S A : Mesa Redonda com Investidores - Nyse
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06/15Shares in Brazil airlines rise as Bolsonaro vetoes free checked bags
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06/13GOL LINHAS AEREAS INTELIGENTES S A : Current Report by Foreign Issuer (Form 6-K)
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06/10GOL LINHAS AEREAS INTELIGENTES S A : Call Notice of the Extraordinary Shareholders´ Meetin..
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06/10GOL LINHAS AEREAS INTELIGENTES S A : Management´s Proposal for the General Extraordinary S..
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06/06Gol Linhas Aereas Inteligentes Says Total Demand Almost Doubled in May From Year Earlie..
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Analyst Recommendations on GOL LINHAS AÉREAS INTELIGENTES S.A.
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Financials
Sales 2022 14 531 M 2 733 M 2 733 M
Net income 2022 199 M 37,4 M 37,4 M
Net Debt 2022 19 339 M 3 638 M 3 638 M
P/E ratio 2022 -12,2x
Yield 2022 0,55%
Capitalization 3 630 M 683 M 683 M
EV / Sales 2022 1,58x
EV / Sales 2023 1,30x
Nbr of Employees 13 927
Free-Float 94,2%
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Technical analysis trends GOL LINHAS AÉREAS INTELIGENTES S.A.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 9,19 BRL
Average target price 20,74 BRL
Spread / Average Target 126%
EPS Revisions
Managers and Directors
Celso Guimarães Ferrer Chief Executive Officer
Richard Freeman Lark CFO, Executive VP & Investor Relations Officer
Constantino de Oliveira Chairman
Antonio Kandir Independent Director
Germán Pasquale Quiroga Vilardo Independent Director
Sector and Competitors