GOL reports operating profit in 2013, pax down 7% to 36.3m

GOL reports (26-Mar-2014) the following financial highlights:

• Three months ended Oct-2013:
• • Revenue*: BRL2728.2 million (USD1199.5 million), +28.7% year-on-year;
  • Operating cost: BRL2565.4 million (USD1127.9 million), +3.6%;
  • • Fuel: BRL972 million (USD427.4 million), +4.1%;
    • Labour: BRL388.6 million (USD170.9 million), stable;
  • Operating profit: BRL162.9 million (USD71.6 million), compared to a loss of BRL357.6 million (USD157.2 million) in p-c-p;
  • Net profit/loss: (BRL19.3 million) (USD8.5 million), compared to a loss of BRL447.1 million (USD196.6 million) in p-c-p;
  • Passenger numbers: 10 million, +7.5%;
  • Load factor: 74.8%, +5.1 ppts;
  • Break even load factor: 70.3%, -10.8 ppts;
  • Yield: BRL25.85 cents (USD11.37 cents), +18.8%;
  • RASK: BRL21.52 cents (USD9.46 cents), +25.4%;
  • CASK: BRL20.24 cents (USD8.90 cents), +0.9%;
• 12 months ended Dec-2013:
• • Revenue^: BRL8956.2 million (USD4155.2 million), +10.5%;
  • Operating cost: BRL8690.2 million (USD4031.8 million), -3.5%;
  • • Fuel: BRL3610.8 million (USD1675.2 million), -3.5%;
    • Labour: BRL1333.5 million (USD 618.7 million), -15%;
  • Operating profit: BRL266 (USD123.4 million), compared to a loss of BRL905.6 million in p-c-p;
  • Net profit/loss: (BRL724.6 million) (USD336.2 million), compared to a loss of BRL1512.9 million (USD701.9 million) in p-c-p;
  • Passenger numbers: 36.3 million, -7.3%;
  • Load factor: 69.9%, -0.3 ppt;
  • Break even load factor: 67.8%, -10.2 ppts;
  • Yield: BRL23.42 cents (USD10.87 cents), +19%;
  • RASK: BRL18.04 cents (USD8.37 cents), +15.5%;
  • CASK: BRL17.51 cents (USD8.12 cents), +0.7%. [more - original PR]

*Based on the conversion rate at USD1 = BRL2.2744
^Based on the conversion rate at USD1 = BRL2.1554