GOL falls into the red in 4Q and 2015

GOL revenue down 3% - financial highlights:

• Three months ended 31-Dec-2015:
• • Net operating revenue: BRL2652 million (USD689.4 million), -2.8% year-on-year;
  • • Passenger: BRL2326 million (USD604.7 million), -4.7%;
    • Cargo and other: BRL325.9 million (USD84.7 million), +12.7%;
  • Operating costs: BRL2747 million (USD714.0 million), +7.3%;
  • • Fuel: BRL870.3 million (USD226.2 million), -12.2%;
    • Labour: BRL384.9 million (USD100.1 million), +12.5%;
  • Operating profit (loss): (BRL95.3 million) (USD24.8 million), compared to a profit of BRL170.7 million (USD44.4 million) in p-c-p;
  • Net profit (loss): (BRL1130 million) (USD293.7 million), compared to a loss of BRL631 million (USD164.0 million) in p-c-p;
  • Passenger numbers: 9.6 million, -10.5%;
  • Load factor: 75.4%, -3.3 ppts;
  • • Domestic: 76.0%, -3.9 ppts;
    • International: 70.8%, +0.1 ppt;
  • Yield: BRL 24.64 cents (USD 6.40 cents), +4.5%;
  • Passenger revenue per ASK: BRL 18.58 cents (USD 4.83 cents), +0.2%;
  • Revenue per ASK: BRL 21.19 cents (USD 5.51 cents), +2.1%;
  • Cost per ASK: BRL 21.94 cents (USD 5.70 cents), +12.8%;
  • Cost per ASK excl fuel: BRL 14.99 cents (USD 3.90 cents), +25.8%;
  • Average stage length: 933 km, stable;
• 12 months ended 31-Dec-2015:
• • Net operating revenue: BRL97778 million (USD2982 million), -2.9%;
  • • Passenger: BRL8583 million (USD2618 million), -5.1%;
    • Cargo and other: BRL1195 million (USD364.3 million), +17.1%;
  • Operating costs: BRL9958 million (USD3037 million), +4.2%;
  • • Fuel: BRL3301 million (USD1007 million), -14.1%;
    • Labour: BRL1581 million (USD482.0 million), +15.0%;
  • Operating profit (loss): (BRL183.8 million) (USD56.1 million), compared to a profit of BRL504.9 million (USD154.0 million) in p-c-p;
  • Net profit (loss): (BRL4291 million) (USD1309 million), compared to a loss of BRL1117 million (USD340.7 million) in p-c-p;
  • Passenger numbers: 38.9 million, -2.2%;
  • Load factor: 77.2%, +0.3 ppt;
  • • Domestic: 78.0%, +0.2 ppt;
    • International: 71.6%, +0.6 ppt;
  • Yield: BRL 22.35 cents (USD 6.82 cents), -5.9%;
  • Passenger revenue per ASK: BRL 17.26 cents (USD 5.26 cents), -5.6%;
  • Revenue per ASK: BRL 19.66 cents (USD 6.00 cents), -3.3%;
  • Cost per ASK: BRL 20.02 cents (USD 6.11 cents), +3.7%;
  • Cost per ASK excl fuel: BRL 13.38 cents (USD 4.08 cents), +15.9%;
  • Average stage length: 933 km, +2.3%;
  • Total assets: BRL10,368 million (USD3162 million);
  • Cash and cash equivalents: BRL1072 million (USD327.0 million);
  • Total liabilities: BRL14,583 million (USD4447 million). [more - original PR]

*Based on the average conversion rate at BRL1 = USD0.304954 for 12 months ended 31-Dec-2015
*Based on the average conversion rate at BRL1 = USD0.259932 for three months ended 31-Dec-2015