SAO PAULO, July 5, 2017 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. (NYSE: GOL and B3: GOLL4),
Brazil's #1 airline, provides its
Investor Update. The information below for the quarter ended
in June 2017 is preliminary and
unaudited.
Overall Commentary
- GOL expects an operating margin for the quarter ended in June
of 1.5-2.0%, an increase of approximately 1000 b.p. over the
quarter ended in June 2016 of –8.2%,
excluding non-recurring expenses.
- Passenger unit revenue (PRASK) for the second quarter was up
7.5-8.0% year over year, as GOL's capacity discipline and revenue
management strategies continue to benefit results. For the
quarter ended in June, GOL expects unit revenue (RASK) to increase
8.5-9.0%.
- Non-fuel unit costs (CASK ex-fuel), excluding non-recurring
expenses, are expected to be reduced approximately 4% for the
second quarter 2017 versus same quarter of the prior year.
- GOL reduced its total debt, including financial and operating
leasing, by approximately R$100 million in the quarter,
totaling more than R$4.8 billion debt
reduction in the last 18 months.
Preliminary and
Unaudited Projection
|
EBITDA Margin
(excluding non-recurring)
EBIT Margin (excluding
non-recurring)
Ancillary Revenue (cargo and other)
Aircraft Rent
Average fuel price per liter
Average exchange rate
Non-recurring expenses
Passenger unit
revenue (PRASK)
CASK Ex-fuel (excluding non-recurring
expenses)
Capacity – ASK
Capacity – Seats
|
June Quarter
2017
6.5-7.0%
1.5-2.0%
14.5-15.0% of total
net revenues
~ R$240
million
R$2.04-R$2.07
R$3.21
R$11-R$15
million
June Quarter
2017
vs. June Quarter
2016
Up
7.5-8.0%
Down ~4%
Down 3.2%
Down 5.2%
|
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ri
+55(11) 2128-4700
For more 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, 205 international destinations in 95
countries. SMILES is one of the largest coalition
loyalty programs in Latin America,
with over 12 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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visit:http://www.prnewswire.com/news-releases/gol-announces-material-fact-investor-update-300483347.html
SOURCE GOL Linhas Aereas Inteligentes S.A.