Gol Linhas Aéreas Inteligentes: uma análise dos relatórios de auditoria sobre indícios de recuperação judicial

Abstract

The present research aims to analyze the alerts regarding the judicial reorganization of Gol Linhas Aéreas Inteligentes in independent audit reports from the periods of 2016 to 2023. A documentary analysis was conducted of the reports made available on the Comissão de Valores Mobiliários (CVM) website. The analysis of the reports revealed that, although there were uncertainties about the company's operational continuity in 2019, the fiscal years from 2020 to 2023 present more critical risks. In the 2023 fiscal year, the company's situation in the 2024 civil year was briefly presented, a period in which the 2023 fiscal year was submitted to the audit process, as is customary for all fiscal years, when the company formally initiated the judicial reorganization process in the United States. Furthermore, the 2019 fiscal year already signaled possible financial challenges, and in the periods from 2020 to 2023, the pandemic may have intensified the risks to the company's operational continuity, possibly caused by a significant demand reduction, activity paralysis following countries' adoption of lockdown, and increased expenses. This research is limited in terms of the studied period's scope, as it may not have captured relevant trends and changes from previous periods, limiting the historical analysis breadth. For future research, it is suggested to analyze independent audit reports on the main points regarding alerts in the judicial reorganization process of other national and international airline companies.