Gol provides adjusted 2020 guidance, raising revenue guidance and tightening capacity

Gol Linhas Aéreas provided (01-Aug-2019) the following guidance for 2020:

• Total fleet: 131 to 136 aircraft (May-2019 guidance: 128 and 131 aircraft);
• Capacity (ASK): Between 6% to 8% (From between 7% and 10%);
  • Domestic: Between 5% and 6% (from between 4% and 5%);
  • International: Between 15% and 25% (from between 25% and 35%);
• Capacity (seats): Between 5% and 7% (from between 4% and 5%);
• Operations: Between 5% and 7% (from between 4% and 5%);
• Average load factor: 80% to 82% (from between 79% to 81%);
• Total net revenues: Around BRL15.5 billion (USD4 billion) (from around BRL14.5 billion [USD3.8 billion]);
  • Ancillary revenues: BRL1.3 billion (USD338.7 million)(from around BRL1.1 billion [USD286.5 million]);
• CASK excluding fuel: Around BRL 14 cents (USD 3.64 cents) (unchanged);
• Fuel consumption: Around 1.6 billion litres (from around 1.5 billion litres);
• Fuel price: Around BRL3.1 (USD 80.75 cents) per litre (unchanged);
• EBITDA margin: 29% (unchanged);
• EBIT margin: 19% (unchanged);
• Net financial expense: BRL1.2 billion (USD312.6 million) (unchanged);
• CAPEX: Around BRL650 million (USD169.3 million)(unchanged));
• Net Debt/EBITDA: Around 2.4X. [more - original PR]