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Gol expects EBIT at 4-7% in 2012, domestic demand growth of 7-10%

24-Feb-2012 11:07 AM

Gol expects (23-Feb-2012) earnings before interest and taxes (EBIT) at between 4% and 7% of revenue for 2012, compared with an estimated range of 1% to 4% for 2011. In 3Q2011, the indicator showed a negative 4.12% margin after Gol posted operational losses as fuel costs spiked and the currency tumbled. [more - original PR] [more - original PR Portuguese]

Gol also forecast (23-Feb-2012) domestic travel demand to grow between 7% and 10% in 2012. The company forecasts capacity (ASKs) to be between 50.2 billion and 51.2 billion in 2012, compared to a 48.8 billion to 50 billion range in 2011. Passenger yield will "continue its trend of progressive recovery", however Gol did not provide estimates for yields. [more - original PR] [more - original PR Portuguese]