SAO PAULO, April 30, 2019 /PRNewswire/ -- GOL Linhas
Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3:
GOLL4), Brazil's premier
domestic airline, reviews its financial outlook for 2019 and 2020.
Guidance is adjusted to reflect recent variations in oil prices,
the depreciation of the BRL versus the USD and adjustments to the
fleet plan.
The Company's guidance highlights key metrics which impact
financial results and drive long-term shareholder value. GOL
provides forward-looking information that is focused on the main
metrics the Company uses to measure business performance. These
indicators are useful for investors and analysts who project GOL's
results.
|
Financial
Outlook
|
2019E
|
|
|
2020E
|
|
(Consolidated,
IFRS)
|
Previous
|
Revised
|
|
|
Previous
|
Revised
|
|
Total fleet
(average)
|
122 to 125
|
124 to
127
|
|
125 to 128
|
128 to
131
|
|
Total operational
fleet (average)
|
117
|
119
|
|
120
|
123
|
|
ASKs, System (%
change)
|
6 to 10
|
7 to
10
|
|
7 to 10
|
7 to
10
|
|
- Domestic
|
2 to 4
|
3 to
4
|
|
3 to 5
|
4 to
5
|
|
-
International
|
35 to 45
|
35 to
40
|
|
10 to 20
|
25 to
35
|
|
Seats, System (%
change)
|
3 to 4
|
4 to
5
|
|
1 to 3
|
4 to
5
|
|
Departures, System (%
change)
|
3 to 5
|
4 to
5
|
|
1 to 3
|
4 to
5
|
|
Average load factor
(%)
|
79 to 81
|
79 to
81
|
|
79 to 81
|
79 to
81
|
|
Ancillary revenues,
net1(R$ bn)
|
~1.0
|
~1.0
|
|
~1.1
|
~1.1
|
|
Total net revenues
(R$ billion)
|
~12.9
|
~13.0
|
|
~14.2
|
~14.5
|
|
Non-fuel CASK (R$
cents)
|
~13
|
~14
|
|
~13
|
~14
|
|
Fuel liters consumed
(mm)
|
~1,420
|
~1,450
|
|
~1,480
|
~1,500
|
|
Fuel price
(R$/liter)
|
~2.8
|
~3.0
|
|
~2.9
|
~3.1
|
|
EBITDA margin
(%)
|
~28
|
~28
|
|
~29
|
~29
|
|
EBIT margin
(%)
|
~18
|
~18
|
|
~19
|
~19
|
|
Net financial
expense2(R$ bn)
|
~1.2
|
~1.2
|
|
~1.2
|
~1.2
|
|
Pre-tax margin
(%)
|
~10
|
~10
|
|
~12
|
~12
|
|
Effective income tax
rate (%)
|
~20
|
~22
|
|
~20
|
~22
|
|
Minority
interest3(R$ mm)
|
~300
|
~303
|
|
~330
|
~334
|
|
Capex, net (R$
mm)
|
~650
|
~700
|
|
~600
|
~650
|
|
Net Debt4/
EBITDA (x)
|
~2.9x
|
~2.9x
|
|
~2.4x
|
~2.4x
|
|
Fully-diluted
shares out.5 (mm)
|
384
|
384
|
|
384
|
384
|
|
EPS, fully
diluted (R$)
|
2.40 to
2.80
|
1.20 to
1.60
|
|
2.80 to
3.30
|
1.80 to
2.30
|
|
Fully-diluted ADS
out. 5 (mm)
|
192
|
192
|
|
192
|
192
|
|
EPADS, fully
diluted (US$)
|
1.30 to
1.50
|
0.70 to
0.90
|
|
1.70 to
2.00
|
1.00 to
1.30
|
(1) Gross revenue of cargo, loyalty, buy-on-board and
other ancillary revenues; (2) Excluding currency gains
and losses; (3) Source: average of analyst estimates
reported on Bloomberg; (4) Excluding perpetual bonds.
(5) Includes stock option exercises that may be issued
from the stock option program and related to Exchangeable Senior
Notes.
The current guidance may be adjusted in order to incorporate the
evolution of GOL's operating and financial performance and any
eventual changes to the Brazilian economy and GOL's broader
economic environment, including variations in economic growth,
interest rates, exchange rates, and international oil price trends.
GOL is hedged for approximately 62% of its fuel consumption for the
remainder of 2019, at an average cost of US$60.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55 (11) 2128-4700
About GOL Linhas Aéreas Inteligentes
S.A. (www.voegol.com.br): Brazil's largest airline group with three main
businesses: passenger transportation, cargo transportation and
coalition loyalty program.
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SOURCE GOL Linhas Aéreas Inteligentes S.A.