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GOL Group: fifth straight quarterly loss in 4Q08, as the Brazilian Real slumps against the USD

25-Mar-2009

GOL Linhas Aéreas Inteligentes, the parent company of Brazilian airlines GOL Transportes Aéreos (GOL) and VRG Linhas Aéreas (VRG), reported a USD302.5 million consolidated net loss in the three months ended 31-Dec-08, compared to the the USD2.9 million net loss reported in the previous corresponding period. [2364 words]

Unlock the following content in this report:

Subheadings:

  • Improvements at operating profit and EBITDAR levels
  • Cash levels fall, despite revenue increase
  • Yields on the rise, while unit costs stabilise
  • Gap between load factor and breakeven load factor moving in right direction
  • ...but load factor reductions continue in Feb-2009, despite continued capacity reductions
  • Year of transformation (and significant challenges) for GOL in 2008
  • Aircraft deferrals an option in 2009
  • Outlook: Tough road ahead

Graphs and data:

  • GOL financial highlights for three months ended 31-Dec-08
  • GOL operating margin: 1Q07 to 4Q08
  • GOL cost per ASK break down and year-on-year change: 4Q08 vs 4Q07
  • GOL fuel cost as a proportion of total operating expenses: 1Q07 to 4Q08
  • GOL domestic monthly passenger traffic (millions) and load factor (%): 12 months to 30-Mar-09 and 29-Feb-08
  • GOL traffic highlights for Feb-2009
  • GOL financial highlights for 12 months ended 31-Dec-08
  • GOL key developments: 4Q08 and 1Q09
  • GOL's consolidated fleet from 2009 to 2012 (year-end): Dec-2008
  • GOL Consolidated Guidance
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