SAO PAULO, June 19, 2017 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and
B3: GOLL4), Brazil's #1 airline,
today announced an increase in its guidance for full year 2017.
Such revision is based on 1Q17 financial results and the
preliminary air traffic figures for the first five months of the
year, improved operating and financial performance, and the
Company's commitment to capacity discipline.
GOL has been diligent in adjusting the size of its fleet to
Brazilian GDP and believes that it has matched the Company's supply
of seats with demand for its air transportation services, as
indicated by GOL's consistently high load factors. The 2017
revised guidance (table below) reflects the continuity of this
rational strategy.
|
Financial Outlook
(IFRS)
|
Full year
2017
Previous
|
Full year
2017
Updated
|
|
Average operating
fleet
|
115
|
115
|
|
Variation in supply
(ASK)
|
0% to -2%
|
0% to -2%
|
|
Variation in total
seats
|
-3% to -5%
|
-3% to -5%
|
|
Variation in volume
of departures
|
-3% to -5%
|
-3% to -5%
|
|
Average load
factor
|
77% to 79%
|
77% to 79%
|
|
Net Revenues
(billion)
|
+/- R$10
|
+/- R$10
|
|
Non-fuel CASK (R$
cents)
|
+/- 14
|
+/- 14
|
|
Aircraft rent
(billion)
|
-
|
+/- R$1
|
|
EBITDA
margin
|
11% to 13%
|
12% to 14%
|
|
Operating (EBIT)
margin
|
6% to 8%
|
7% to 9%
|
|
Fully-diluted shares
outstanding (million)
|
-
|
347.2
|
|
Earnings per share –
fully diluted1
|
-
|
R$0.38 to
R$0.52
|
|
Fully-diluted ADS
outstanding (million)
|
-
|
69.4
|
|
Earnings per ADS –
fully diluted1
|
-
|
US$0.57 to
US$0.78
|
|
Net
Debt/EBITDA
|
-
|
+/- 4.2x
|
(1) After participation of minority interest
in Smiles S.A.
The Company's guidance for full year 2017 is: variation in
supply (ASK) between 0% and -2%, variation in total seats between
-3% and -5%, and average load factor between 77% and 79%. Yields
are expected to increase primarily due GOL's capacity discipline.
Full-year non-fuel CASK is expected to be in the R$0.14 range, flat versus 2016. Fuel cost per ASK
should grow less than expected due to lower projected increases in
oil prices. GOL expects EBITDA margin in the range of 12% to 14%,
operating margin in the range of 7% to 9% and earnings per ADS
between R$0.57 and R$0.78. The
Company's leverage (Net Debt/EBITDA) is expected to be around
4.2x.
GOL believes that its leadership in rational capacity and yield
management, combined with its lowest cost operations and a highest
quality passenger service, will enable the Company to increase its
competitive advantages and effectively manage passenger
demand.
For further information visit
www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11)
2128-4700
E-mail: ri@voegol.com.br
CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@voegol.com.br
About GOL Linhas Aereas Inteligentes S.A.
Brazil's largest airline group
with three main businesses: passenger transportation, cargo
transportation and coalition loyalty program. GOL is Brazil's largest airline, carrying 33 million
passengers annually on more than 700 daily flights to 63
destinations, 52 in Brazil and 11
in South America and the
Caribbean, on a fleet of 120
Boeing 737 aircraft, with a further 120 Boeing 737s on order.
GOLLOG is a leading cargo transportation and logistics
business serving more than 2,200 Brazilian municipalities and,
through partners, 195 international destinations in 95 countries.
SMILES is one of the largest coalition loyalty programs in
Latin America, with over 13
million registered participants, allowing clients to accumulate
miles and redeem tickets for more than 700 locations worldwide.
GOL has a team of more than 15,000 highly skilled aviation
professionals delivering Brazil's
top on-time performance, and an industry leading 16 year safety
record. GOL's shares are traded on the NYSE (GOL) and the B3
(GOLL4).
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SOURCE GOL Linhas Aereas Inteligentes S.A.