Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET
Company Participants
Celso Ferrer - CEO
Richard Lark - EVP, CFO & IR Officer
Conference Call Participants
Dan McKenzie - Seaport Global
Alejandro Zamacona - Credit Suisse
Hillary Cacanando - Deutsche Bank
Pablo Monsivais - Barclays
Operator
Good day and welcome to the GOL Airlines Third Quarter 2022 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 broadcast live via webcast and may be accessed to the company website at www.voegol.com.br/ir and MZiQ platform at www.mziq.com.
Those following the presentation via the webcast may post their questions on the platform and their questions will either be answered by the management during this call or by the GOL’s Investor Relations' team after the conference is finished. [Operator Instructions]
Before proceeding, we emphasize that forward-looking statements are based on the beliefs and assumptions of the company's management and on the information currently available to GOL. They involve risks and uncertainties, given that they are related to future events and therefore depend on circumstances that may or may not occur.
Investors and analysts should incur -- should consider that events related to macroeconomic conditions, industry, and other factors could also cause results to differ materially from those expressed in such forward-looking statements.
And at this time, I will hand you over to Mr. Celso Ferrer, CEO. Please begin sir.
Celso Ferrer
Good morning everyone and thank you for participation in thus conference call. I would like to start by highlighting our most important results of the period, which were made possible by the trust we obtained from our customers, investors, suppliers, inspection from our team of VOEGOL’s.
The third quarter was characterized the impact of the highest jet fuel price per liter in the history of the aviation industry. This resulted from the combined effects of increases in oil prices and devaluation of the Brazilian real.
On the revenue side, we had a rational price environment among industry players, and the resumption of a strong load factor practice after the slowdown of service in the end of second quarter.
By acting assertively and managing capacity and improving productivity, we maintained the growth of our revenues and our operating results during this period, recording the highest quarterly revenue figures in the Gol's history, reaching BRL4 billion in third quarter, 109% and 80% above of 3Q 2021 and 3Q 2019 figures respectively.