Company data sheet · Gol Intelligent Airlines
Gol Intelligent Airlines: six lost years, and the economy wasn't the reason.
- Industry
- Air Transportation, Scheduled
- Headquarters
- Brazil
- Sources
- SEC filings (2004–2025), Stratrix's verified Decision Cases, market data and official economic statistics for Brazil
- Data as of
- October 18, 2026
- From profit to six straight losses. Gol Intelligent Airlines earned BRL 0.9 billion in 2016–2017. Then it lost money every year from 2018 to 2023: BRL 17.2 billion in all.
- It wasn't the cycle. The losses began in 2018, a year Brazil economy grew 1.7%. When a company falls while its economy grows, look inside the company first.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | BRL 9.7 billion | BRL 0.8 billion | |
| 2017 | BRL 10.3 billion | BRL 0 billion | |
| 2018 | BRL 11.4 billion | −BRL 1.1 billion | |
| 2019 | BRL 13.9 billion | −BRL 0.1 billion | |
| 2020 | BRL 6.4 billion | −BRL 6 billion | |
| 2021 | BRL 7.4 billion | −BRL 7.2 billion | |
| 2022 | BRL 15.2 billion | −BRL 1.6 billion | |
| 2023 | BRL 18.8 billion | −BRL 1.2 billion |
As reported in its annual filings, in BRL. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 5 measures for Brazil, every year since 2016, from the official sources.
- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.