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GOL returns to profitability in 1Q09

21-May-2009

GOL Linhas Aéreas Inteligentes, the parent company of Brazilian airlines GOL Transportes Aéreos (GOL) and VRG Linhas Aéreas (VRG), reported a USD29.6 million consolidated net profit in the three months ended 31-Mar-09, compared to the USD9.9 million net loss reported in the previous corresponding period. [1567 words]

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Subheadings:

  • Sustained improvements at operating profit and EBITDAR levels
  • Cash levels fall, as revenue declines
  • Passenger yields increase steadily, but costs increase too
  • Gap between load factor and breakeven load factor widens positively
  • ...load factor slips in Apr-2009
  • Fitch Ratings places GOL on Rating Watch Negative
  • Reschedules aircraft deliveries
  • Outlook: Domestic competition to further intensify

Graphs and data:

  • GOL financial highlights for three months ended 31-Mar-09
  • GOL operating margin 1Q07 to 1Q09
  • GOL cost per ASK breakdown and year-on-year change: 1Q08 vs 1Q09
  • GOL fuel cost as a proportion of total operating expenses: 1Q07 to 1Q09
  • GOL domestic monthly passenger traffic (millions) and load factor (%): 12 months to 30-Apr-09 and 31-May-08
  • GOL traffic highlights for Apr-2009
  • GOL operating fleet plan 2009 to 2014 (year-end): May-2009
  • GOL 2009 and 2010 Consolidated Guidance: Apr-2009
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