Gol shares soared more than 19% this Wednesday (8), after the airline disclosed net income of R$230.9 million in the fourth quarter of last year, reversing a negative result of R$2.8 billion suffered year before.
The company, which reported earlier that it had postponed the disclosure of the audited figures for the period until March 28, reported that recurring Ebitda for the period was R$ 1.17 billion, an advance over the approximately R$ 249 million obtained a year earlier. .
Analysts, on average, expected Gol to announce a net loss of BRL 484.75 million for the fourth quarter with an Ebitda of BRL 876.8 million, according to data from Refinitiv.
The company stated that it expects an Ebitda margin of 24% this year. In the fourth quarter, the company had a recurring margin of 24.7%. Gol also reduced its investment projection in 2023 from R$700 million to R$600 million.
At 11:09 am, the shares rose 11.92%, to R$ 7.51, among the highest rises of the Ibovespa, which rose 1.15%. At the maximum so far, it reached R$ 8 (+19.23%). In the week, the papers accumulate valuation of more than 45%.
Citi analysts considered the operating results, in general, solid, as well as the Goldman Sachs team, who evaluated the balance sheet positively in a first reading, highlighting the above-expected Ebitda.
Gol shares had already skyrocketed in the last two trading sessions, supported by the news that the holding company Abra, which combines Gol’s operations with Avianca, closed the investment it will make in the Brazilian airline, including US$ 451 million.
The last trading session of last week also brought data showing growth in demand for Gol flights in February.
On Monday, Azul released an Ebitda of around R$ 1.1 billion, growth of 6.9% over the same period of 2021. It also announced on the same date an agreement with aircraft leasing companies.
Source: CNN Brasil
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