SAO PAULO, Jan. 30, 2017 /PRNewswire/-- GOL Linhas
Aereas Inteligentes S.A., (NYSE: GOL and BM&FBOVESPA:
GOLL4), provides its Investor Update. The information
below for the December quarter 2016 is preliminary and
unaudited.
Overall
Commentary
|
- GOL expects a
December quarter operating margin of 6.5-7.0%, consistent with the
updated guidance provided on the earnings call last November.
Such margin for the quarter includes non-recurring expenses related
to fleet restructuring.
- Consolidated
passenger unit revenue (PRASK) for the December quarter was up
6.5-6.8% year over year, driven by demand trends and improving
domestic yields as GOL's capacity actions and revenue management
strategies continue to benefit results. For the December
quarter, GOL expects unit revenue (RASK) to increase
6.9-7.2%.
- Non-fuel unit costs
(CASK ex-fuel), excluding non-recurring expenses related to fleet
restructuring, are expected to be down approximately 5% for the
December quarter versus same quarter of the prior year.
- GOL reduced total
debt including finance leases by R$1.3 billion in the quarter for a
total of more than R$3.2 billion debt reduction in
2016.
|
Guidance
|
Operating (EBIT)
margin
Ancillary (Cargo and
other) revenue
Average fuel price
per liter
Average exchange
rate
Non-recurring
expenses
Passenger unit
revenue (PRASK)
CASK Ex-fuel
(excluding non-recurring expenses)
System Capacity –
ASK
System Capacity –
Seats
|
December Quarter
2016
6.5-7.0%
12.2-12.5% of total
net revenues
R$1.94–R$1.97
R$3.30
R$142–R$149
million
December Quarter
2016
Vs December
Quarter 2015
Up
6.5-6.8%
Down ~5%
Down 5.7%
Down 19.0%
|
Forward Looking Statements
This Investor Update includes forward-looking statements.
We have based these forward-looking statements largely on our
current beliefs, expectations and projections about future events
and financial trends affecting us. Many important factors, in
addition to those discussed elsewhere in this investor update,
could cause our actual results to differ substantially from those
anticipated in our forward-looking statements, including, among
other things general economic, political and business conditions in
Brazil, South America and the Caribbean; the effects of global financial
markets and economic crises; management's expectations and
estimates concerning our financial performance and financing plans
and programs; our level of fixed obligations; our capital
expenditure plans; our ability to obtain financing on acceptable
terms; inflation and fluctuations in the exchange rate of the real;
existing and future governmental regulations; increases in fuel
costs, maintenance costs and insurance premiums; changes in market
prices, customer demand and preferences, and competitive
conditions; cyclical and seasonal fluctuations in our operating
results; defects or mechanical problems with our aircraft; and our
ability to successfully implement our strategy and developments in
the Brazilian civil aviation infrastructure, including air traffic
control, airspace and airport infrastructure.
Additional information concerning risks and uncertainties that
could cause differences between actual results and forward-looking
statements is contained in our Securities and Exchange Commission
filings, including our Annual Report on Form 20-F for the fiscal
year ended December 31, 2015 and our
Quarterly Report on Form 6-k for the quarterly period ended
September 30, 2016. Caution should be
taken not to place undue reliance on our forward-looking
statements, which represent our views only as of January 27, 2017. The words "believe," "may,"
"will," "aim," "estimate," "continue," "anticipate," "intend,"
"expect" and similar words are intended to identify forward-looking
statements. Forward-looking statements include information
concerning our possible or assumed results of operations, business
strategies, financing plans, competitive position, industry
environment, potential growth opportunities, and the effects of
regulation and the effects of competition. Forward-looking
statements are valid only as of the date they were made, and we
undertake no obligation to update publicly or to revise any
forward-looking statements after we distribute this investor update
because of new information, events or other factors. In light of
the risks and uncertainties described above, the forward-looking
events and circumstances discussed in this investor might not occur
and are not guarantees of future performance.
For further information visit
www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: ri@voegol.com.br
About GOL Linhas Aereas Inteligentes S.A.
Brazil's largest air
transportation and travel services group, with operation in
passenger transportation, cargo transportation and coalition
loyalty programs. GOL is Latin
America's largest low-cost and low-fare carrier, operating
approximately 700 daily flights to 63 destinations, being 11
international in South America and
the Caribbean. GOLLOG is
the cargo transportation and logistics business serving more than
3,000 Brazilian municipalities and, through partners, 90
international destinations in 47 countries. SMILES is one of
the largest coalition loyalty programs in Latin America, with over 11 million registered
participants, allowing clients to accumulate miles and redeem
tickets for more than 700 locations worldwide. GLAI shares are
traded on BM&FBOVESPA (GOLL4) and NYSE (GOL).
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SOURCE GOL Linhas Aereas Inteligentes S.A.