GOL Announces Investor Update
April 04 2017 - 4:13PM
PR Newswire (US)
SAO PAULO, April 4, 2017 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A., (NYSE: GOL and BM&FBOVESPA:
GOLL4), Brazil's #1 airline,
provides its Investor Update. The information below
for the March quarter 2017 is preliminary and unaudited.
Overall Commentary
- GOL expects a March quarter operating margin of 12.0-12.5%, an
increase of approximately 400 b.p. over the March 2016 quarter operating margin of 8.3%,
excluding non-recurring results.
- Passenger unit revenue (PRASK) for the March quarter was down
3.0-3.5% year over year, offset by demand trends and higher
load factors as GOL's rational pricing, capacity discipline and
revenue management strategies continue to benefit results.
For the March quarter, GOL expects unit revenue (RASK) to decrease
1.0-1.5%.
- Non-fuel unit costs (CASK ex-fuel), excluding non-recurring
expenses, are expected to be down approximately 6% for the March
quarter versus same quarter of the prior year.
- GOL reduced total debt, including finance and operating leases,
by R$1.0 billion in the quarter for a
total of more than R$4.7 billion debt
reduction in the last 15 months (including yesterday's repayment of
its 7.5% Senior notes due 2017).
Guidance
|
|
March Quarter
2017
|
EBITDA Margin (excluding non-recurring)
EBIT Margin (excluding non-recurring)
Ancillary Revenue (cargo and other)
Average fuel price per liter
Average exchange rate
Non-recurring expenses
|
16.5-17.0%
12.0-12.5%
12.2-12.5% of total net revenues
R$2.12–R$2.16
R$3.16
R$47–R$60 million
|
|
March Quarter
2017
Vs March Quarter 2016
|
Passenger unit
revenue (PRASK)
CASK Ex-fuel (excluding non-recurring expenses)
Capacity – ASK
Capacity – Seats
|
Down 3.0-3.5%
Down ~6%
Down 2.1%
Down 13.4%
|
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
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SOURCE GOL Linhas Aereas Inteligentes S.A.
Copyright 2017 PR Newswire
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