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GOL revenue down 4.8% in 2Q2009

12-Aug-2009 12:03 PM

GOL revenue down 4.8% - financial highlights:

  • Three months ended 30-Jun-2009:
    • Revenue: USD754.1 million, -4.8% year-on-year;
    • Operating costs^: USD704.9 million, -25.9%;
      • Fuel: USD232.3 million, -41.4%;
      • Labour: USD149.6 million, +12.3%;
      • Ancillary: n/a, +18.3%;
    • Operating profit: USD48.6 million, compared to a loss of USD159.6 million in the previous corresponding period;
    • Net profit: USD191.2 million, compared to a loss of USD90 million in the previous corresponding period;
    • Passenger numbers: 6.5 million, -9.1%;
    • Load factor: 60.1%, -4.5 ppts;
    • Average fare: USD107.6, +1.4%;
    • Yield per RPK: USD 11.6 cents, +10.7%;
    • Passenger revenue per ASK: USD 6.99 cents, +3.1%;
    • Revenue per ASK: USD7.8 cents, +5.5%;
    • Cost per ASK: USD 7.3 cents, -17.9%;
    • Cost per ASK ex fuel: USD 4.9 cents, -5.6%;
  • Six months ended 30-Jun-2009:
    • Revenue: USD1,574 million, -5.2%;
    • Operating costs: USD1,468 million, -18.1%;
      • Fuel: 473.4 million, -37.3%;
      • Labour: USD282.8 million, +7.1%;
    • Operating profit: USD105.4 million, compared to a loss of USD133.0 million in the previous corresponding period;
    • Net profit: USD224.4 million, compared to a loss of USD101.1 million in the previous corresponding period.
  • *Based on the conversion rate at USD1 = BRL1.85
  • ^ Attributed to operating synergies from the merger of GOL and VRG operations as of 4Q2008

GOL: “In the coming quarters, the Company will keep the challenge of continuously improve quality, punctuality and regularity, reducing operating costs and manage capacity while at the same time raising the aircraft utilization rate as much as possible. That will assure a solid improve of the quality of its operating results and financial indicators,” Company statement. Source: GOL, 11-Aug-2009.