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GOL Group: fifth straight quarterly loss in 4Q08, as the Brazilian Real slumps against the USD


GOL Linhas Aéreas Inteligentes, the parent company of Brazilian airlines GOL Transportes Aéreos (GOL) and VRG Linhas Aéreas (VRG), reported a USD302.5 million consolidated net loss in the three months ended 31-Dec-08, compared to the the USD2.9 million net loss reported in the previous corresponding period. [2364 words]

Unlock the following content in this report:


  • Improvements at operating profit and EBITDAR levels
  • Cash levels fall, despite revenue increase
  • Yields on the rise, while unit costs stabilise
  • Gap between load factor and breakeven load factor moving in right direction
  • ...but load factor reductions continue in Feb-2009, despite continued capacity reductions
  • Year of transformation (and significant challenges) for GOL in 2008
  • Aircraft deferrals an option in 2009
  • Outlook: Tough road ahead

Graphs and data:

  • GOL financial highlights for three months ended 31-Dec-08
  • GOL operating margin: 1Q07 to 4Q08
  • GOL cost per ASK break down and year-on-year change: 4Q08 vs 4Q07
  • GOL fuel cost as a proportion of total operating expenses: 1Q07 to 4Q08
  • GOL domestic monthly passenger traffic (millions) and load factor (%): 12 months to 30-Mar-09 and 29-Feb-08
  • GOL traffic highlights for Feb-2009
  • GOL financial highlights for 12 months ended 31-Dec-08
  • GOL key developments: 4Q08 and 1Q09
  • GOL's consolidated fleet from 2009 to 2012 (year-end): Dec-2008
  • GOL Consolidated Guidance
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