Company pneumatic goal It ended the third quarter of this year with a net profit of R$248 million, reflecting losses of R$1.4 billion compared to the same period of the previous year. Overall, the company’s numbers were supported by strong demand for flights, as well as operating gains and lower financial expenses resulting from a reduction in its debt.
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Net revenue in the quarter amounted to R$5.5 billion, a growth of 11.6%. Revenue from passenger transportation alone amounted to R$5 billion, an increase of 12.4%.
Earnings before interest, taxes, depreciation and amortization (Ebitda) in the quarter amounted to R$1.63 billion, compared to R$491 million a year earlier. EBITDA margin increased to 29.4% compared to 9.9% in the third quarter of 2024.
This quarter, the airline carried 8.8 million passengers, an increase of 10.7% year-on-year. During this period, the average yield (i.e. the price a passenger pays to fly 1 km) increased by 2.1% to R$0.475.
The airline ended the quarter with net debt of R$19.697 billion, a decline of 21.6% year-on-year. Leverage (measured by the ratio of net debt to EBITDA in the last 12 months) was 3.2 times, compared to 5.3 times the previous year.
The reduction in debt was an important support for the airline in the quarter, as it recorded a 62.2% decline in its financial expenses in the period to R$537 million.
Over the past 12 months, GOL has returned six Boeing 737-800NGs and one Boeing 737-700NG, while taking delivery of nine 737 MAX 8s and three freighters. Boeing 737-800BCF (Boeing converted freighter) intended for the company’s cargo operations.
“This move, combined with the fleet recovery programme, has resulted in a net addition of 13 aircraft to the operational fleet with respect to the third quarter of 2024 (Q3 2024), reaffirming the company’s strategy of having its fleet operational at 100% again at the end of the first quarter of 2026 (Q1 2026).”
As of September 30, 2025, GOL had a total fleet of 143 Boeing 737 aircraft of various types, 58 of which were 737 MAX 8.
In the balance, the company highlighted that it is planning the largest high summer season in its history at the end of 2025 and the beginning of 2026, with 65 thousand flights and 12 million seats on offer in the local market and another 5.2 thousand flights and 980 thousand seats for destinations in the international market, an increase of 20% compared to last summer. “In addition to new destinations in the Southern Cone of Latin America, the company intends to increase its offerings to destinations in Florida and the Caribbean,” he said.
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