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16-May-2013 2:51 PM

GOL reports strong operating profit growth in 1Q2013

GOL revenue down 4% – financial highlights for three months ended 31-Mar-2013:

  • Revenue: BRL2083 million (USD1042 million), -3.8% year-on-year;
    • Passenger: BRL1906 million (USD953.7 million), -0.9%;
    • Cargo and other: BRL176.6 million (USD88.3 million), -27.0%;
    • Ancillary: BRL176.6 million (USD88.4 million), -27.0%;
  • Operating costs: BRL1982 million (USD991.4 million), -8.2%;
    • Fuel: BRL907.4 million (USD454.0 million), -4.6%;
    • Labour: BRL286.9 million (USD143.6 million), -29.6%;
  • Operating profit: BRL101.2 million (USD50.6 million), +1293%;
  • Net profit (loss): (BRL75.3 million) (USD37.7 million), compared to a loss of BRL41.4 million (USD20.7 million) in p-c-p;
  • Passenger numbers: 8.6 million, -13.5%;
  • Load factor: 67.3%, -0.7 ppt;
  • Breakeven load factor: 64.0%, -3.7 ppts;
  • Yield: BRL 22.99 cents (USD 11.5 cents), +13.5%;
  • Passenger revenue per ASK: BRL 15.46 cents (USD 7.7 cents), +12.4%;
  • Revenue per ASK: BRL 16.89 cents (USD8.5 cents), +9.1%;
  • Cost per ASK: BRL 16.07 cents (USD8.0 cents), +4.2%;
  • Cost per ASK excl fuel: BRL 8.71 cents (USD4.4 cents), +1.0%;
  • Total assets: BRL8974 million (USD4490 million), -0.6% when compared to period ended 31-Dec-2012;
  • Cash and cash equivalents: BRL866.0 million (USD433.3 million), +11.7% when compared to period ended 31-Dec-2012;
  • Total liabilities: BRL8303 million (USD4154 million), +0.1% when compared to period ended 31-Dec-2012. [more - original PR]

*Based on the average conversion rate at USD1 = BRL1.9986

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