Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET
Company Participants
Celso Ferrer – President and Chief Executive Officer
Mario Liao – Executive Vice President, Chief Financial Officer and Investor Relations Officer
Conference Call Participants
Michael Linenberg – Deutsche Bank
Daniel McKenzie – Seaport RP
Stephen Trench – Citi
Bruno Amorim – Goldman Sachs
Pablo Mendoza – Barclays
Gabriel Rezende – Itau BBA
Victor Mizusaki – Bradesco BBI
Alberto Valerio – UBS
Operator
Good morning. Welcome to GOL Airlines Second Quarter 2023 Results Conference Call. This morning, the company made available its results. After GOL’s presentation, we will initiate the Q&A session for analysts and investors when further instructions will be provided. This event is also being broadcasted live via Zoom and may be accessed throughout the company’s website at www.voegol.com.br/ir.
We’d like to inform that all participants will only watch the presentation, the event during the presentation, and then participants will also be able to send their questions on the platform, and they will be answered by the management during this conference call or by GOL’s Investor Relations team after the end of the conference call. [Operator Instructions]
Before proceeding, we emphasize that forward-looking statements are based on the beliefs and assumptions of company’s management and on information currently available to GOL. They involve risks and uncertainties, given that they are related to future events, and therefore, depends on circumstances that may or may not occur.
Investors and analysts should consider that events related to the macroeconomic conditions, the industry and other factors could also cause results to differ materially from those expressed in such forward-looking statements.
At this time, I will hand over to Mr. Celso Ferrer. Please, Mr. Ferrer, you may begin.
Celso Ferrer
Good morning, everyone. We appreciate you joining us today. This morning, we posted our second quarter 2023 earnings release and a slide presentation on GOL Investor Relations website. So we will make just a few briefing comments here and shoot straight through your questions.
Thanks for the great work of our Team of Eagles, we announced record revenue and operating margin for the second quarter, which is the seasonally the weakest one in the year. We were also recognized as the best airline in South America by APEX Passenger Choice Award 2023, crowning all the efforts of our best professionals in the industry.
Also, according to ABRACORP data, the Association of the Corporate Travel Agent, GOL consolidated its leadership in the first half of the year as a leader in the corporate markets, demonstrating that business passengers prefer to fly with us. All of this reflected the strengthening of our network, both domestic and international and our unique low-cost business model and GOL differentiated brand. This reflects the consistent recovery in demand currently more supported by leisure with a gradual but slower-than-expected recovery in the corporate demand, but which has brought an important contribution to our fare discipline.