GOL reports operating profit in 3Q2013, maintains 2013 operating margin guidance

GOL revenue up 12% - financial highlights for three months ended 30-Sep-2013:

• Revenue: BRL2231 million (USD974.5 million), +12.2% year-on-year;
• • Ancillary: BRL188.4 million (USD82.3 million), -17.1%;
• Operating costs: BRL2193 million (USD958.3 million), +0.3%;
• • Fuel: BRL913.9 million (USD399.3 million), -2.5%;
  • Labour: BRL322.8 million (USD141.0 million), -13.8%;
• Operating profit: BRL37.0 million (USD16.2 million), compared to a loss of BRL200.7 million (USD87.7 million) in p-c-p;
• Net profit (loss): (BRL197.0 million) (USD86.1 million), compared to a loss of BRL309.4 million (USD135.2 million) in p-c-p;
• Passenger numbers: 9.0 million, -13.3%;
• Load factor: 69.6%, -4.2 ppts;
• Breakeven load factor: 68.4%, -12.8 ppts;
• Yield: BRL23.6 cents (USD 10.3 cents), +28.4%;
• Passenger revenue per ASK: BRL 16.4 cents (USD7.2 cents), +21.1%;
• Revenue per ASK: BRL 17.9 cents (USD 7.8 cents), +17.1%;
• Cost per ASK: BRL 17.6 cents (USD7.7 cents), +4.6%;
• Cost per ASK excl fuel: BRL 10.3 cents (USD4.5 cents), +6.7%;
• Average stage length: 894 km, +3.1%;
• Total assets: BRL10,751 million (USD4697 million);
• Total liabilities: BRL10,117 million (USD4420 million). [more - original PR]

*Based on the average conversion rate at USD1 = BRL2.2889

Gol: "The Company is maintaining its 2013 operating margin guidance at between 1% and 3%, as announced at the beginning of the year. For 2014, GOL expects domestic supply to remain stable, with variation close to 0% in relation to 2013." Source: Company statement, 12-Nov-2013.