SÃO PAULO, May 14, 2024 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (NYSE:GOL), one of the leading airlines in Brazil and part of the Abra Group, today announced its consolidated results for the first quarter of 2024 (1Q24). The Company remained focused on operational efficiency through its single fleet model and diligent yield management, while striving for excellence in the products offered to Customers. All information in this release is presented in Reais (R$), in accordance with international accounting standards (IFRS) and with adjusted metrics, made available to enable comparison of this quarter with the same period of the previous year (1Q23). Adjusted (recurring) indicators exclude non-recurring expenses related to the quarter's results and are detailed in the respective tables. 1Q24 HIGHLIGHTS The Company's recurring EBITDA margin in 1Q24 was 30.3%, an improvement of 5.1 p.p. compared to the same period of the previous year; Net operating revenue was R$4.7 billion in 1Q24; On January 25th, the Company filed for Chapter 11 in United States to restructure its balance sheet and enhance its capabilities to remain one of the leading airlines in Brazil; GOL secured a total of US$1.0 billion of "debtor-in-possession" loan financing (the "DIP Loan Commitments"), of which US$550 million was funded by the end of 1Q24. Since the end of the 1Q24. GOL has fully drawn the remaining US$450 million of DIP Loan Commitments; Cash increased to R$2.0 billion, 150% higher than the end of 1Q23 (R$0.8 billion) due to the initial DIP Loan financing funded in 1Q24 (which excluded the undrawn US$450 million of DIP Loan Commitments) and Accounts Receivable increased to R$2.0 billion, twice the 1Q23's amount (R$1.0 billion) as a result of lower receivables factoring; Recurring CASK reduced by 5.3% when compared to 1Q23 due to decrease in fuel price. Recurring CASK ex-fuel increased by 8.9% due to the ...