GOL Announces Its 1Q15 Results
13 May 2015 - 10:07AM
PR Newswire (US)
SAO PAULO, May 12, 2015 /PRNewswire/ -- GOL Linhas Aereas
Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), (S&P:
B, Fitch: B-, Moody's: B3), the largest low-cost and best-fare
airline in Latin America,
announces its 1Q15 Results.
Highlights
- Net revenue of R$2.5 billion, stable compared to
the same period of 2014. Ancillary and cargo revenue totaled
R$277.8 million, an increase of 32.8% compared to 1Q14,
representing 11.1% of total net revenue. International
revenue recorded an 11.2% share of total net revenue,
reaching R$279.6 million.
- In 1Q15, operating income (EBIT) reached R$153.8
million, with an operating margin of 6.1%,
representing an increase of 6.5% over the
R$144.5 million recorded in 1Q14, and margin of
5.8%.
- EBITDAR of R$468.9 million, with a margin of
18.7%, representing a decrease of 1.1 p.p. versus the
same period in 2014. In the last twelve months, EBITDAR was
R$1.8 billion with a margin of 17.8%.
- The consolidated load factor increased by 2.0 p.p. in
the year, reaching 78.1%, with domestic up by 2.1 p.p. to
78.9%, and international load factors up by 1.2 p.p. to
72.6%.
- Net RASK in 1Q15 was R$19.22 cents, 3.4% lower,
and total CASK was R$18.03 cents, down 3.8% compared
to 2014. CASK ex-fuel increased by 12.4% for the same
period.
- The exchange rate at the end of the quarter was
R$3.2080, up 41.8%
compared to R$2.2630 in 1Q14.
The average exchange rate increased by 21.4%,
R$2.8702 in 1Q15 and
R$2.3652 in 1Q14. This huge
devaluation of the Real against the Dollar in the period generated
a negative net exchange variation of R$774.1 million, with no immediate cash
effect, which explains the net loss of R$672.7 million in the quarter.
- Financial leverage ratio (adjusted gross debt/EBITDAR)
was 7,3x, compared to 6,7x at the end of 2014 and 6.5x in
1Q14 – this indicator was impacted by the Real's depreciation of
20.8% in 2014 and 41.8% against 1Q14.
For further information visit
www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: ri@golnaweb.com.br
CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@golnaweb.com.br
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/gol-announces-its-1q15-results-300082322.html
SOURCE GOL Linhas Aéreas Inteligentes S.A.
Copyright 2015 PR Newswire
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