SAO PAULO, Oct. 5, 2017 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, provides its Investor Update. The information below for the quarter ended in September 2017 is preliminary and unaudited.
Preliminary and Unaudited Projection
EBITDA Margin (excluding non-recurring)
EBIT Margin (excluding non-recurring)
Ancillary Revenue (cargo and other)
Average fuel price per liter
Average exchange rate
Passenger unit revenue (PRASK)
CASK Ex-fuel (excluding non-recurring expenses) (1)
Capacity ? ASK
Capacity ? Seats
September Quarter 2017
14.5%-15.0% of total net revenues
~ R$240 million
September Quarter 2017
vs. September Quarter 2016
(1) Excluding R$ 72 MM of non-recurring gains or losses from the sale of fixed assets, return of aircraft under lease contracts and sale-leaseback transactions for the quarter ended in September 2016.
For further information visit www.voegol.com.br/ir
Phone: +55 (11) 2128-4700
Phone: +55 (11) 2128-4183
About GOL Linhas Aereas Inteligentes S.A.
Brazil's largest airline group with three main businesses: passenger transportation, cargo transportation and coalition loyalty program. GOL is Brazil's largest airline, carrying 33 million passengers annually on more than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a leading cargo transportation and logistics business serving more than 2,200 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with over 13 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 15,000 highly skilled aviation professionals delivering Brazil's top on-time performance, and an industry leading 16 year safety record. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL's management. Such forward-looking statements depend, substantially, on external factors, in addition to the risks disclosed in GOL's filed disclosure documents and are, therefore, subject to change without prior notice. The Company's non-financial information was not reviewed by the independent auditors.
To be consistent with industry practice, we disclose so-called non-GAAP financial measures which are not recognized under IFRS or U.S. GAAP, including "Net Debt", "Adjusted Net Debt", "total liquidity", "EBITDA" and EBITDAR". Our management believes that disclosure of non-GAAP measures provides useful information to investors, financial analysts and the public in their review of our operating performance and their comparison of our operating performance to the operating performance of other companies in the same industry and other industries. However, these non-GAAP items do not have standardized meanings and may not be directly comparable to similarly-titled items adopted by other companies. Potential investors should not rely on information not recognized under IFRS as a substitute for the GAAP measures of earnings or liquidity in making an investment decision.
SOURCE GOL Linhas Aereas Inteligentes S.A.
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