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

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.