14-Nov-2012 4:11 PM

GOL reports operating loss in 3Q2012

GOL operating revenue up 7.8% – consolidated financial highlights** for the three months ended Sep-2012:

  • Net operating revenues: BRL1987.3 million (USD981.9 million), +7.8% year-on-year;
    • Passenger: BRL1760.1 million (USD869.7 million), +7.8%;
    • Ancillary: BRL227.3 million (USD112.3 million), +7.7%;
  • Operating costs: BRL2188 million (USD1081.1 million), +14%;
    • Fuel: BRL936.9 million (USD462.9 million), +25.7%;
  • EBIT: (BRL200.7 million) (USD99.2 million), compared to a loss of BRL75.1 million (USD37.1 million) in p-c-p;
  • Net (loss): (BRL309.4 million) (USD152.9 million), compared to a loss of BRL516.5 million (USD255.2 million) in p-c-p;
  • Yield: BRL18.37 cents (USD9.08 cents), +0.1%;
  • Passenger revenue per ASK: BRL13.55 cents (USD6.69 cents), +3.4%;
  • Operating cost per ASK (CASK): BRL16.85 cents (USD8.33 cents), +9.4%.
  • Passenger numbers: 10.4 million, +10.9%;
    • GOL: 9.1 million, -3.0%;
    • Webjet: 1.3 million, n/a;
  • Load factor: 73.8%, +2.4 ppts;
    • GOL: 73.8%, +2.4 ppts;
    • Webjet: 73.2%, n/a;
  • 2012 guidance:
    • Passenger numbers: 41 million to 42 million;
    • Domestic load factor: 71% to 75%;
    • Operating margin (EBIT): negative. [more – original PR]

*Based on the average conversion rate at USD1 = BRL2.0239
**3Q11 figures do not include Webjet.

GOL: “Due to the impact of the adverse macroeconomic scenario, GOL may revise its guidance on a quarterly basis to incorporate any developments in its operating and financial performance, as well as any changes in interest, FX, GDP and WTI and Brent oil price trends.” Source: Company statement, 13-Nov-2012.