15-Nov-2010 2:48 PM

GOL revenue up 19.5% for three months ended Sep-2010

GOL revenue up 19.5% - financial highlights for the three months ended Sep-2010:

  • Revenue*: USD1040.1 million, +19.5% year-on-year;
  • Operating cost: USD931.2 million, +14.6%;
    • Fuel: +19.5%;
    • Labour: +12.4%;
  • Operating profit: USD108.8 million, +88.9%;
  • Net profit: USD64 million, +41.2%;
  • Passenger numbers: 8.7 million, +17.6%;
  • Load factor: 71.3%, +5.6 ppts;
  • Break even load factor: 63.7%, +2.4 ppts;
  • Yield: +2.4%;
  • Operating revenue per ASK: USD8.97 cents, +5.3%;
  • Operating cost per ASK: USD8.02cents, +0.8%. [more]

*Based on the conversion rate at USD1 = BRL1.72

GOL: “Even with growing demand in 3Q10, GOL’ s yields reached 19.38 cents (R$) , 2.4% up year-on-year, chiefly due to the Company’ s focus on profitability. The 23.3% upturn in demand on its combined route network was still substantial, even though it led to a reduction in market share,” Source: Company statement, 12-Nov-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More