Gol Linhas Aéreas Inteligentes S.A. provided earnings guidance for the third quarter of 2021. GOL expects a Loss Per Share (EPS) and a Loss Per American Depositary Share (EPADS) for third quarter 2021 of approximately BRL 1.331 and $0.481, respectively.

Passenger unit revenue (PRASK) for the fourth quarter 2021 is expected to be up approximately 35% year over year. Non-fuel unit costs (CASK ex-fuel) are expected to decrease by approximately 12% in relation to the fourth quarter of the prior year, primarily due to increased productivity (increase in ASKs, aircraft utilization and operating efficiency), partially offset by increased depreciation from ten net additional aircraft in the fleet. Fuel unit costs (fuel CASK) are expected to increase by approximately 55% year-over-year, driven by a 75% increase in the average fuel price which was partially offset by a more fuel efficient fleet resulting in a 5% reduction in fuel consumption per flight hour. On a constant fuel unit cost basis to the quarter ended December 2020, the EBITDA margin for the quarter would have been approximately 39%.