GOL Announces air traffic figures for July 2013 PRASK Grows 18% in July Reaching Growth Record of the Last Two Years
SAO PAULO, Aug. 19, 2013 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and low-fare airline in Latin America hereby announces its preliminary air traffic figures for July 2013.
PRASK, Yield and Fuel Prices
Net PRASK presented an 18% growth over July/12, even with a supply reduction of 4.8% in the domestic market in the period. This is the highest PRASK increase of the last two years, and demonstrates the Company's efforts in optimizing its supply and maximizing the profitability of its routes.
Net yield in July posted a 28% increase year-over-year, to between R$24.5 and R$25.0 cents, in line with GOL's strategy of upgrading its services and attracting business and leisure passengers during the winter holidays high season.
Fuel prices* moved up by 4% in the month when compared to July/12, driven by the depreciation of the Real against the Dollar in the last months comprising the jet fuel price formation period, which carries a time lag. With the recent Dollar hike, we expect record fuel prices for the next months.
(*) Fuel price per liter considers total fuel and lubricant expenses divided by period consumption
In July, GOL maintained its strategy of optimizing domestic supply, leading to a 4.8% reduction in the domestic market when compared to July/12.
In July, supply moved up by 26.4%, when compared to the same month in 2012, mainly due to the flights to Santo Domingo, Miami and Orlando launched in December/12.
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ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.
GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 970 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States under the GOL and VARIG brands.
SOURCE GOL Linhas Aereas Inteligentes S.A.