Gol operating loss narrows in 2Q2016

Gol revenue down 2% - financial highlights:

• Three months ended 30-Jun-2016:
• • Operating revenue: BRL2089 million (USD595.8 million), -2.0% year-on-year;
  • Operating costs: BRL2261 million (USD644.9 million), -5.0%;
  • • Fuel: BRL591.7 million (USD168.8 million), -28.0%;
    • Labour: BRL381.8 million (USD108.9 million), -2.9%;
  • Operating profit (loss): (BRL171.4 million) (USD48.9 million), compared to a loss of BRL251.1 million (USD81.7 million) in p-c-p;
  • Net profit: BRL309.5 million (USD88.3 million), compared to a loss of BRL354.9 million (USD115.5 million) in p-c-p;
  • Passenger numbers: 7.4 million, -21.7%;
  • Load factor: 75.2%, -1.6 ppt;
  • Net yield: BRL 22.12 cents (USD 6.31 cents), +9.2%;
  • Net passenger revenue per ASK: BRL 16.64 cents, (USD 4.75 cents), +6.9%;
  • Net revenue per ASK: BRL 19.40 cents (USD 5.53 cents), +8.1%;
  • Cost per ASK: BRL 21.00 cents (USD 5.99 cents), +4.7%;
  • Cost per ASK excl fuel: BRL 15.50 cents (USD 4.42 cents), +18.0%;
  • Average stage length: 1041 km, +14.2%;
• Six months ended 30-Jun-2016:
• • Operating revenue: BRL4802 million (USD1301 million), +3.6%;
  • Operating costs: BRL4533 million (USD1229 million), -4.2%;
  • • Fuel: BRL1349 million (USD365.5 million), -16.2%;
    • Labour: BRL796.6 million (USD215.9 million), -1.0%;
  • Operating profit: BRL265.8 million (USD72.0 million), compared to a loss of BRL97.3 million (USD32.9 million) in p-c-p;
  • Net profit: BRL1067 million (USD289.1 million), compared to a loss of BRL1028 million (USD347.6 million) in p-c-p;
  • Passenger numbers: 16.4 million, -16.0%;
  • Load factor: 76.4%, -1.0 ppt;
  • Net yield: BRL 24.04 cents (USD 6.52 cents), +13.8%;
  • Net passenger revenue per ASK: BRL 18.37 cents (USD 4.98 cents), +12.3%;
  • Net revenue per ASK: BRL 20.85 cents (USD 5.65 cents), +12.0%;
  • Cost per ASK: BRL 19.68 cents (USD 5.33 cents), +3.6%;
  • Cost per ASK excl fuel: BRL 13.83 cents (USD 3.75 cents), +10.3%;
  • Average stage length: 1006 km, +8.0%;
  • Total assets: BRL8753 million (USD2372 million);
  • Cash and cash equivalents: BRL607 million (USD164.5 million);
  • Total liabilities: BRL12,140 million (USD3290 million). [more - original PR]

*Based on the average conversion rate at BRL1 = USD0.285254 for 2Q2016
*Based on the average conversion rate at BRL1 = USD0.271026 for 1H2016
*Based on the average conversion rate at BRL1 = USD0.325514 for 2Q2015
*Based on the average conversion rate at BRL1 = USD0.338156 for 1H2015