GOL Airlines Releases Preliminary May Financials

GOL Linhas Aereas Inteligentes SA (GOLLQ) has released an update.

GOL Linhas Aéreas Inteligentes S.A., a prominent Brazilian airline, has submitted its monthly operating report for May 2024 to the U.S. Bankruptcy Court, showcasing financial figures such as net revenue of $242 million and a net loss of $71 million. The data, which is part of the company’s ongoing Chapter 11 restructuring process, reflects preliminary figures that are not audited. The report emphasizes the company’s continuing efforts to restructure, advising the market that this financial information follows U.S. Bankruptcy Code methodologies and thus may not be directly comparable to previous statements.

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