Le Lézard
Classified in: Tourism and vacations, Transportation, Business

GOL Increases 2017 Guidance



SÃO PAULO, Nov. 9, 2017 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announces an increase in its guidance for the full year 2017.  The revision is based on 3Q17 financial results and the air traffic figures for 9M17, improved operating and financial performance, and the Company's commitment to capacity discipline.

GOL believes it has matched the Company's supply of seats with demand for its air transportation services, as indicated by GOL's consistently high load factors.  The 2017 revised guidance (table below) reflects the continuity of this strategy.

Financial Outlook (IFRS)

Full year 2017

Previous

Full year 2017

Updated

Average operating fleet

115

115

Variation in supply (ASK)

0% to -2%

+/- 0.5%

Variation in total seats

-3% to -5%

+/- 2%

Variation in volume of departures

-3% to -5%

+/- 4%

Average load factor

77% to 79%

+/- 79%

Net Revenues (billion)

+/- R$10

+/- R$10.3

Non-fuel CASK (R$ cents)

+/- 14

+/- 13.7

Aircraft rent (billion)

+/- R$1

+/- R$1

EBITDA margin

12% to 14%

+/-14%

Operating (EBIT) margin

7% to 9%

+/- 9%

Fully-diluted shares outstanding (million)

347.2

347.7

Earnings per share ? fully diluted1

R$0.38 to R$0.52

R$0.80 a R$0.90

Fully-diluted ADS outstanding (million)

69.4

69.5

Earnings per ADS ? fully diluted1

US$0.57 to US$0.78

US$1.25 a US$1.40

Net Debt/EBITDA2

+/- 4.2x

+/- 3.4x

(1) After participation of minority interest. (2) Net Debt excluding perpetual bonds.

The Company's guidance for the full year 2017 is: a variation in ASK of approximately 0.5%, a variation in total seats of 2% and an average load factor of 79%. Full-year CASK ex-fuel is expected to be around R$13.70 cents. GOL expects EBITDA margin near 14%, operating margin of approximately 9%, earnings per share of R$0.80 to R$0.90 and earnings per ADS between R$1.25 and R$1.40. The Company's leverage (Net Debt/EBITDA) is expected to be around 3.4x.

GOL believes that its leadership in rational capacity and yield management, combined with its lowest cost operations and a highest quality passenger service, will enable the Company to increase its competitive advantages and effectively manage passenger demand.

Investor Relations
ri@voegol.com.br 
www.voegol.com.br/ir 
+55 (11) 2128-4700

About GOL Linhas Aéreas Inteligentes S.A.
Brazil's largest airline group. 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 12 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).

 

SOURCE GOL Linhas Aereas Inteligentes S.A.


These press releases may also interest you

23 fév 2018
Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 16, 2018 to file lead plaintiff applications in a securities class action lawsuit against Wells...

23 fév 2018
Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 16, 2018 to file lead plaintiff applications in a securities class action lawsuit against Quantum...

23 fév 2018
MCAN Mortgage Corporation ("MCAN", the "Company" or "we") announced net income of $10.8 million ($0.47 per share) for the fourth quarter ended December 31, 2017, up from $9.0 million ($0.39 per share) in Q4 2016.  Net income for fiscal 2017 was $39.9...

23 fév 2018
FAIRPLAY, Colo., Feb. 23, 2018 /PRNewswire-PRWeb/ -- On January 31, under Fairplay's clear skies, AP hosted a lunch to celebrate the topping out of the Park County Office Building Expansion. The lunch was hosted in appreciation of all the efforts...

23 fév 2018
The Moody Foundation has launched its Generation Moody Education Initiative, a signature project benefitting Galveston Island by providing a catalyst for exceptional education opportunities for infants through high school and into post-secondary...

23 fév 2018
10457035 Canada Ltd. (the "Offeror") announced today that, further to its offer (the "Offer") to acquire all of the issued and outstanding common shares ("Gendis Shares") of Gendis Inc. ("Gendis") other than Gendis Shares beneficially owned or...




News published on 9 november 2017 at 20:15 and distributed by: