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7-May-2012 1:56 PM

GOL operating profit down 95% in 1Q2012

GOL revenue up 14% – financial highlights for three months ended 31-Mar-2012:

  • Revenue: BRL2166 million (USD1226 million), +14.3% year-on-year;
    • Ancillary: BRL241.8 million (USD136.9 million), +26.0%;
  • Total costs: BRL2159 million (USD1222 million), +22.6%;
    • Fuel: BRL951.6 million, (USD538.8 million), +42.2%;
    • Labour: BRL407.3 million (USD230.6 million), +13.3%;
  • Operating profit: BRL7.3 million (USD4.1 million), -94.6%;
  • Net profit (loss): (BRL41.4 million) (USD23.4 million), compared to a net profit of BRL69.4 million (USD39.3 million) in p-c-p;
  • Passenger numbers: 9.9 million, +15.2%;
  • GOL: 8.5 million, -1.5%%;
  • Webjet: 1.4 million, n/a;
  • Load factor: 67.9%, -3.0 ppts;
    • GOL: 66.6%, -4.4 ppts;
      • Domestic: 66.5%, -5.8 ppts;
      • International: 67.7%, +6.3 ppts;
    • Webjet: 77.2%, n/a;
  • Stage length: 881 km, -5.3%;
    • GOL: 889, -4.4%;
    • Webjet: 837, n/a;
  • Yield: BRL 20.25 cents (USD11.46 cents), +2.5%;
  • Revenue per ASK: BRL 15.48 cents (USD8.76 cents), -0.7%;
  • Passenger revenue per ASK: BRL 13.75 cents (USD7.78 cents), -1.9%;
  • Cost per ASK: BRL 15.43 cents (USD8.74 cents), +6.6%;
  • Cost per ASK excl fuel: BRL 8.63 cents (USD4.89 cents), -3.9%;
  • Total assets: BRL10,491 million (USD5940 million), -1.5% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: BRL1315 million (USD744.3 million), +6.9% when compared to period ended 31-Dec-2011;
  • Total liabilities: BRL8264 million (USD4679 million), -2.2% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average conversion rate at USD1 = BRL1.7663 for the period

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