The result represents an increase of 147% compared to February, the last release; company is in judicial recovery in the United States
A GOL Linhas Aéreas reported a loss of R$395 million in April 2024. The result represents an increase of 147% compared to February, when the latest release. Furthermore, a net debt of R$23.31 billion was recorded in April. Net revenue was R$1.34 billion and total cash was R$3,565 million.
The results were presented in a report this Friday (May 31, 2024) to the Bankruptcy Court of New York (USA). The company is in judicial recovery in the country. Here’s the complete of the document (PDF – 238 kB).
“As GOL works to complete its restructuring process, the Company will issue a press release in connection with each monthly operating report, except in months when the monthly filings coincide with the publication of GOL’s quarterly financial results reports” , informs the airline.
CHANGE DIRECTION
The statement was accompanied by a statement about the exchange of the CFO (financial vice-president) and the DRI (Investor Relations director). As of Monday (June 3), Eduardo Guardiano Leme Gotilla will occupy both positions, replacing Mario Tsuwei Liao. Here’s the complete of the company’s material fact (PDF – 207 kB).
According to the company, Eduardo Gotilla has “extensive experience” in prominent financial positions, having served as CFO of Lightglobal CFO of RHI Magnesite in London and statutory director of CSN (Companhia Siderúrgica Nacional). Furthermore, he chaired the Board of Directors of Magnesita Refratários and was a member of the Boards of BB Previdênciafrom the MGI (Minas Gerais Participações) and the Codemig/Codemge.
“With a solid trajectory in the financial market, Eduardo brings extensive experience in several areas, including corporate finance, business development, turnaround/restructuring, tax management, capital strategy, performance management and investor relations”says the ad.
GOL thanked Mario Liao for his leadership during the Covid pandemic, in the initial structuring of the Chapter 11 (US Bankruptcy Code) process and for his 19 years of work at the company. The text also says that he will continue to contribute to the company as an advisor for special projects.
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