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13-Nov-2013 2:17 PM

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.

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