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GOL revenue up 19.5% for three months ended Sep-2010

15-Nov-2010 2:48 PM

GOL revenue up 19.5% - financial highlights for the three months ended Sep-2010:

  • Revenue*: USD1040.1 million, +19.5% year-on-year;
  • Operating cost: USD931.2 million, +14.6%;
    • Fuel: +19.5%;
    • Labour: +12.4%;
  • Operating profit: USD108.8 million, +88.9%;
  • Net profit: USD64 million, +41.2%;
  • Passenger numbers: 8.7 million, +17.6%;
  • Load factor: 71.3%, +5.6 ppts;
  • Break even load factor: 63.7%, +2.4 ppts;
  • Yield: +2.4%;
  • Operating revenue per ASK: USD8.97 cents, +5.3%;
  • Operating cost per ASK: USD8.02cents, +0.8%. [more]

*Based on the conversion rate at USD1 = BRL1.72

GOL: “Even with growing demand in 3Q10, GOL’ s yields reached 19.38 cents (R$) , 2.4% up year-on-year, chiefly due to the Company’ s focus on profitability. The 23.3% upturn in demand on its combined route network was still substantial, even though it led to a reduction in market share,” Source: Company statement, 12-Nov-2010.