Operating (EBIT) margin
Ancillary (Cargo and other) revenue
Average fuel price per liter
Average exchange rate
Passenger unit revenue (PRASK)
CASK Ex-fuel (excluding non-recurring expenses)
System Capacity – ASK
System Capacity – Seats
December Quarter 2016
12.2-12.5% of total net revenues
December Quarter 2016
Vs December Quarter 2015
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
Phone: +55 (11) 2128-4700
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.