SÃO PAULO, Aug. 9, 2017
/PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and
B3: GOLL4), Brazil's #1 airline,
announces its consolidated results for the second quarter (2Q17).
All information is presented in accordance with IFRS.
Financial and Operational Highlights:
- Net revenue reached R$2.2
billion, an increase of 7.0% compared to 2Q16.
- Recurring operating income (EBIT) in 2Q17 was R$37.3 million, an increase of R$186.9 million compared to 2Q16. A recurring
operating profit in the second quarter has not been registered
since 2010. Recurring EBIT margin increased 8.8 p.p. in relation to
2Q16.
- The Company's operating fleet was 106 Boeing 737 aircraft, with
a utilization of 11.3 block hours per day.
- Auxiliary and cargo revenues increased by 16.7% in 2Q17,
reaching R$347.7 million.
- Net income in the period was a loss of R$474.6 million, after the Smiles minority
interest. This result has an impaaired comparison with 2Q16 (profit
of R$252.5 million), as gains from
foreign exchange and monetary variation were +R$778.8 million in
2Q16, while in 2Q17 it was a loss of -R$225.7 million. In the quarter, the EPS was
-R$1.37 and the EPADS was
-US$2.12.
- Net cash flow in 2Q17 was R$393.5
million. Cash, cash equivalents, short-term investments and
accounts receivable increased to R$1,770.5
million.
- The average load factor in 2Q17 increased by 2.7 p.p. compared
to 2Q16, reaching 77.9%. The average yield per passenger increased
by 4.8% in the quarter.
"We remain committed to responding to the macroeconomic
environment with strong discipline in seat supply, growth in load
factor, continuous improvement in customer experience and cost
reductions to generate improved operating results. In this quarter,
seasonally the weakest in the year, we achieved good operational
results, with recurring EBIT margin evolving significantly 8.8 p.p.
over 2Q16", commented CEO Paulo
Kakinoff.
2Q17 Earnings Call: August 9,
2017, 01:30 p.m. (US EDT),
Phone: +1 (412) 317-5453, Code: GOL
Access to 2Q17 earnings release, full financials and
webcast: www.voegol.com.br/ir
Investor Relations: ri@voegol.com.br, +55 (11)
2128-4700
About GOL Linhas Aéreas Inteligentes S.A.: Brazil's largest airline group with three main
businesses: passenger transportation, cargo transportation and
coalition loyalty program.
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SOURCE GOL Linhas Aereas Inteligentes S.A.