Loading
24-Feb-2012 11:07 AM

Gol expects EBIT at 4-7% in 2012, domestic demand growth of 7-10%

Gol expects (23-Feb-2012) earnings before interest and taxes (EBIT) at between 4% and 7% of revenue for 2012, compared with an estimated range of 1% to 4% for 2011. In 3Q2011, the indicator showed a negative 4.12% margin after Gol posted operational losses as fuel costs spiked and the currency tumbled. [more - original PR] [more - original PR Portuguese]

Gol also forecast (23-Feb-2012) domestic travel demand to grow between 7% and 10% in 2012. The company forecasts capacity (ASKs) to be between 50.2 billion and 51.2 billion in 2012, compared to a 48.8 billion to 50 billion range in 2011. Passenger yield will "continue its trend of progressive recovery", however Gol did not provide estimates for yields. [more - original PR] [more - original PR Portuguese]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More