Information contained in a monthly operating report filed by the airline in U.S. Bankruptcy Court
A Objective posted a net loss of R$135 million in January, according to its monthly operating report filed with the U.S. Bankruptcy Court. Ebitda (earnings before interest, taxes, depreciation and amortization) in the period was R$682 million, at a margin of 34%, and net revenue was R$1.982 billion.
The document contains financial information for the period from January 1 to January 31, 2024 and must be submitted as required by the Chapter 11 process, similar to judicial recovery in Brazil. The data is preliminary and has not been verified or reviewed by a Gol reviewer.
As of January, Gol had net debt of R$20.21 billion in loans and financing, leasing and DIP financing. Cash and cash equivalents amount to R$2.151 billion, while receivables amount to R$1.052 billion.
Gol emphasized that the financial information included in the monthly report, which will be released from now on and for the duration of the restructuring process, is presented in accordance with the methodology established by the Bankruptcy Code and other applicable regulations and must not be compared with public financial statements disclosed by Gol which were prepared according to different methodologies.
The company’s fourth quarter financial results will be released next Thursday, the 28th, as expected.
Source: Terra
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