| (Values in U.S. Thousands) | Dec, 2022 | Dec, 2021 | Dec, 2020 | Dec, 2019 | Dec, 2018 |
| Sales | 2,943,990 | 1,377,410 | 1,236,130 | 3,513,320 | 3,122,150 |
| Sales Growth | +113.73% | +11.43% | -64.82% | +12.53% | -5.74% |
| Net Income | -302,460 | -1,338,150 | -1,161,700 | -29,720 | -296,960 |
| Net Income Growth | +77.40% | -15.19% | -3,808.82% | +89.99% | -5,041.10% |
Gol Linhas Aereas Inteligentes S.A. ADR (GOL)
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Gol Linhas has emerged as the first Brazilian low-fare airline. The carrier is based in Sao Paolo. The carrier started operations in 2001 and has grown rapidly ever since. The company's strategy is to increase the size of the market by attracting new passengers through low fares, a young and modern aircraft fleet, targeted marketing, and simplified travel services. The company has a diversified revenue base, with customers ranging from business passengers traveling between densely populated cities in Brazil such as Sao Paulo, Rio de Janeiro, and Belo Horizonte, to leisure passengers traveling across Brazil and to international destinations in the South American continent. Gol Linhas is one of the most profitable low-cost airlines in the world and the most lucrative in South America. It is also the only low-fare, low-cost airline providing frequent services on routes connecting the major cities of Brazil as well as those in Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay.