SAO PAULO, Aug. 13, 2014 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL),
(S&P: B, Fitch: B-, Moody's: B3), the largest low-cost
and low-fare airline in Latin
America, announces today its results for the second quarter
of 2014.
Highlights
- GOL registered a positive operating margin of 1.6% in
2Q14, 3.4 percentage points up year over year. As a result,
operating income (EBIT) recorded its sixth consecutive
quarterly improvement, reaching R$38
million, R$73 million more
than in 2Q13. In the last twelve months (LTM), EBIT totaled
R$382 million with an
operating margin of 3.9%.
- Net revenue reached R$2.4 billion, the Company's highest ever
second-quarter figure, 24% up over 2Q13. LTM net
revenue stood at R$9.8
billion, R$1.7 billion
higher than in the 2Q13 LTM.
- EBITDAR totaled R$375
million, 60% more than in 2Q13. LTM EBITDAR came
to R$1.8 billion. As this
indicator has a direct impact on financial leverage, the adjusted
net debt/LTM EBITDAR ratio fell to 4.6x from 11.3x in
2Q13.
- Total load factor came to 75.2% in the second quarter
and 75.7% year to date, respective increases of 7.5 and
8.2 percentage points. Demand for seats increased by
10.5% year to date, while capacity fell by
1.5% in the same period. Since 2012, GOL has reduced its
domestic market supply by 15%, reinforcing its flexible
capacity management strategy.
Conference Calls
Thursday,
August 14, 2014
Portuguese
9:30 a.m.
(US ET)
10:30 a.m.
(Brazil)
Tel.: +55 (11) 2188-0155
Password: GOL
English
11:00 a.m.
(US ET)
12:00 p.m.
(Brazil)
+1 (412) 317-6776
Password: GOL
For further information visit
www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11)
2128-4700
E-mail: ri@golnaweb.com.br
CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@golnaweb.com.br
ABOUT GOL
GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and
NYSE: GOL), the largest low-cost and low-fare airline in
Latin America, offers around 910
daily flights.
SOURCE GOL Linhas Aéreas Inteligentes S.A.