11-Jan-2018 8:33 AM
Gol outlines preliminary 4Q2017 projection
Gol Linhas Aereas outlined (10-Jan-2018) its preliminary and unaudited 4Q2017 projection, detailed as follows:
- EBITDA margin (excluding non-recurring): Between 17.5% and 18.5%;
- EBIT margin (excluding non-recurring): Between 13.2% and 14.2%, a 1ppt year-on-year increase;
- Ancillary revenue (cargo and other): Between 12.0% and 12.2% of total net revenues;
- Aircraft rent: Around BRL230 million (USD71.5 million);
- Average fuel price per litre: Between BRL2.25 (USD 69.7 cents) and BRL2.28 (USD 70.6 cents);
- Average exchange rate: BRL3.20;
- Non-recurring expenses: Between BRL30 million (USD9.3 million) and BRL350 million (USD10.8 million);
- Passenger unit revenue (PRASK): Between 7% and 7.5% year-on-year increase;
- Unit revenue (RASK): Between 7% and 7.5% year-on-year increase;
- CASK ex-fuel (excluding non-recurring expenses): Around 1.6% year-on-year increase;
- Capacity (ASK): Around 3% year-on-year increase;
- Capacity (seats): Around 2% year-on-year increase.
Gol reduced its financial leverage, as measured by the Net Debt/LTM EBITDA ratio, to approximately 3x at the end of 4Q2017. [more - original PR]