GOL financial results 2026: revenue, EBIT, RASK, CASK & 737 fleet

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Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.

— metrics in this profile FY2022 → Q2 2026 Updated — Next results —

At a glance

Latest reported period

Metrics

Full-year history

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RReportedDirect company disclosure CCalculatedDerived from company figures GGroup-levelBroader than the airline entity DCompany-definedNon-standard measure —Missing dataNot stored, not disclosed or not applicable; see each cell

Analysis

What the numbers say

More detail

Additional disclosures

Guidance vs actual

Did the airline deliver?

What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.

Fleet & orders

Fleet composition

Key events

What moved the numbers

Peers

Compare with peers

FAQ

Frequently asked questions

Methodology

How to read this page

Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. Core metrics follow the Airline comparison tool.

  1. Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
  2. Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
  3. YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
  4. Operating margin uses operating profit or EBIT ÷ revenue. EBITDA, EBITDAR and their margins are separate disclosures and are not substitutes for operating profit or margin. Company-defined measures keep their source labels (marked D).
  5. Sources: annual reports, interim results and traffic statements. See Data & Research.

Quick answers

Is GOL profitable?

Yes. GOL reported an operating profit of R$1.841bn in FY2025 (year to 31 Dec 2025), a 8.3% margin. In its latest reported period, it reported an operating loss of US$244m in Q2 2026 (to 30 Jun 2026), a −23.6% margin. Quarterly and half-year results are seasonal, so the full-year figure is the better guide.

What was GOL’s revenue in 2025?

GOL reported revenue of R$22.10bn in FY2025 (year to 31 Dec 2025). For Q2 2026 (to 30 Jun 2026) it reported revenue of US$1.034bn.

Company-reported figures from our airline database. Definitions, currencies and reporting periods differ between airlines; see the tables on this page and the comparison tool for detail.

Text version of the GOL data on this page

GOL data snapshot

  • Scope: GOL Linhas Aéreas Inteligentes S.A. (Abra Group)
  • Region: Latin America
  • Business model: Low cost
  • Financial year end: 31 Dec
  • Reporting currency: BRL
  • Source: Quarterly earnings releases
  • Latest period: FY2025
  • Last updated: 2026-09-27

Latest read

GOL returned to an operating profit in 2025: EBIT of R$1.84 billion, an 8.3% margin, against a small loss in 2024, as passengers rose 14.6% to 34.5 million and revenue 15.5% to R$22.1 billion. Net loss narrowed to R$1.31 billion and leverage fell from 6.1x to 3.2x net debt to EBITDA after the Chapter 11 exit.

Reported metrics by period

Annual results

  • FY2025 (FY2025 · 31 Dec 2025): Passengers: 34.5m (+14.6% YoY); Revenue: R$22.10bn (+15.5% YoY); Operating profit / result: R$1.841bn op. (EBIT); Operating margin: 8.3% (EBIT margin; +9.4pt); EBITDA / EBITDAR: R$6.411bn (Recurring EBITDA; 29.0% margin) [Defined]; Net profit: −R$1.305bn (Net loss); Load factor: 83.7% (+0.8pt YoY); Capacity / ASK: 49.3bn ASK (+13.8% YoY); RASK / yield: 44.9 R¢ RASK (+1.6% YoY); Yield: 48.6 R¢ (+1.0% YoY); CASK ex-fuel: 26.4 R¢ CASK ex-fuel (+6.2% YoY); Total CASK: 38.0 R¢ CASK (+2.3% YoY); Fuel cost: R$4.21/litre (−5.2% YoY); Cash / liquidity: R$5.52bn (Liquidity); Net debt / cash / leverage: 3.2x net debt ÷ EBITDA (Gross debt R$26.27bn, −24.4%); Fleet size: 146 (Incl. 9 737-800BCF freighters). Source: GOL 4Q25 earnings release.
  • FY2024 (FY2024 · 31 Dec 2024): Passengers: 30.0m (Annual); Revenue: R$19.13bn (Net revenue); Operating profit / result: −R$197m op. (EBIT); Operating margin: −1.0% (EBIT margin); EBITDA / EBITDAR: R$4.912bn (Recurring EBITDA; 25.7% margin) [Defined]; Net profit: −R$6.067bn (Net loss); Load factor: 82.9% (Annual); Capacity / ASK: 43.3bn ASK (Annual); RASK / yield: 44.2 R¢ RASK (Annual); CASK ex-fuel: 24.9 R¢ CASK ex-fuel (Annual); Cash / liquidity: R$4.38bn (Liquidity); Net debt / cash / leverage: 6.1x net debt ÷ EBITDA (Gross debt R$34.73bn); Fleet size: 131 (Year end). Source: GOL 4Q25 earnings release (2024 comparatives).

Quarterly and interim results

  • Q4 2025 (Q4 2025 · 31 Dec 2025): Passengers: 9.5m (+17.9% YoY); Revenue: R$6.101bn (+10.5% YoY); Operating profit / result: R$803m op. (EBIT); Operating margin: 13.2% (EBIT margin); EBITDA / EBITDAR: R$2.096bn (Recurring EBITDA; 34.4% margin) [Defined]; Net profit: −R$1.397bn (Net loss); Load factor: 84.9% (+0.8pt YoY); Capacity / ASK: 13.3bn ASK (+15.7% YoY); RASK / yield: 46.0 R¢ RASK (−4.5% YoY); CASK ex-fuel: 25.1 R¢ CASK ex-fuel (−1.0% YoY). Source: GOL 4Q25 earnings release.
  • Q4 2024 (Q4 2024 · 31 Dec 2024): Passengers: 8.1m (Quarter); Revenue: R$5.519bn (Quarter); Operating profit / result: −R$997m op. (EBIT); Operating margin: −18.1% (EBIT margin); Net profit: −R$5.116bn (Net loss); Load factor: 84.0% (Quarter); Capacity / ASK: 11.5bn ASK (Quarter); RASK / yield: 48.1 R¢ RASK (Quarter); CASK ex-fuel: 25.4 R¢ CASK ex-fuel (Quarter). Source: GOL 4Q25 earnings release (comparatives).

Sources