10-Aug-2010 1:02 PM

GOL revenue up 14.1% in 2Q2010

GOL revenue up 14.1% - financial highlights for the three months ended Jun-2010:

  • Revenue*: USD910.1 million, +14.1% year-on-year;
    • Ancillary: USD101.5 million, +22.1%;
  • Operating cost: USD877.3 million, +17.6%;
    • Fuel: +33%;
    • Labour: +12.6%;
  • Operating profit: USD32.8 million, -36.3%;
  • Net profit (loss): (USD29.7 million) compared with a net profit of USD202.3 million in p-c-p;
  • Passenger numbers: 7.2 million, +12.1%;
  • Load factor: 61.1%, +1.0 ppt;
  • Break even load factor: 58.9%, +2.7 ppts;
  • Yield: USD11.94 cents, -3.0%;
  • Operating revenue per ASK: USD8.23 cents, -0.5%;
  • Operating cost per ASK excl fuel: USD4.98 cents, -4.1%. [more]

*Based on the conversion rate at USD1 = BRL1.748

GOL: “GOL maintained its dynamic fare management and prioritized yields during the second quarter, which seasonally records the lowest passenger traffic figures of the entire year. As a result, the Company’s yields reached BRL20.87 cents, 6.9% up on the BRL19.53 cents recorded in 1Q10 and 3.0% down on the BRL21.51 cents reported in 2Q09. The Company believes that estimated growth for 2H10 will take place against a background of stable yields in relation to 2Q10. In the year as a whole, yields should close at close to 2009 levels," Source: Company statement, 10-Aug-2010.