GOL Linhas Aereas Announces 1Q25 Earnings Results

DALLAS — GOL Linhas Aereas Inteligentes (G3), a leading domestic low-cost carrier in Brazil headquartered in Rio de Janeiro, has announced its first quarter report of 2025 (1Q25). 

In the first quarter of 2025, G3 reported a +19.4% year-over-year increase in Passenger Business’ Net Revenue, driven by a +6.6% increase in RASK (Revenue Available Seat Per Kilometer). 

It has also increased its ASK(Available Seat Per Kilometer) by +12 %, almost 50% more international capacity than in 1Q24. The airline's on-time performance (OTP) also remained consistent in these months, bringing the G3 airline's score to 89.4% with an increase of +6.5 p.p. 

This put the airline on the list of the most punctual airlines in Brazil. Moreover, G3 added two new Boeing 737-8 aircraft to its fleet (totaling 54 units), which enhances its operational efficiency by supporting ongoing expansion.

Loyalty, Cargo Business Performance

GOL's smile loyalty program continues its growth trajectory:

• Miles redeemed grew by 17%
• Revenue obtained from smiles increased by 12.4%.
• Clube Simile subscription grew by 6.9%.
• GOLLOG’s revenue increases by 17.0%.
• The transported weight rose by 6.8%.

Key Points of 1Q25 Metrics

In the first quarter of 2025 (1Q25), G3 reported strong operational and financial performance across various key metrics:

• Total Net Revenue reached R$5.6 billion, representing a 19.4% increase year-over-year.
• Passenger Revenue rose by 18.0%.
• Capacity (ASK) grew by 12.0%.
• International Capacity expanded by approximately 50%.
• RASK (Revenue per Available Seat Kilometer) increased by 6.6%.
• On-Time Performance (OTP) improved to 89.4%, a gain of 6.5 percentage points.
• Fleet Size, specifically MAX-8 aircraft, totaled 54 units, adding 2 new units.
• Smiles Revenue grew by 12.4%.
• Smiles Miles Redeemed went up by 17.9%.
• Clube Smiles Subscribers reached approximately 1.2 million, a 6.9% increase.
• GOLLOG Revenue increased by 17.0%.
• GOLLOG Transported Weight rose by 6.8%.

About GOL Airlines

GOL primarily operates Boeing 737s for its operations to over 100 destinations across Brazil, the Caribbean, South America, and the United States. 

GOL Factsheet:

• Founded in 2000, the airline has over two decades of operational history.
• Headquartered in Rio de Janeiro, Brazil.
• Operates a fleet of 128–140 aircraft, all part of the Boeing 737 family.
• Serves 74 to over 100 destinations, including international routes.
• Its main hubs are located at São Paulo–Guarulhos, Rio de Janeiro–Galeão, and Belo Horizonte.
• Employs approximately 14,000 people.
• The airline is part of the Abra Group, its parent company.
• GOL’s frequent flyer program is known as SMILES.