GOL Linhas Aereas Inteligentes: PRASK Grows by 19% in March and 18% in 1Q14, Fueled by a 9 p.p. Increase in Load Factor
SAO PAULO, April 28, 2014 /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 March 2014 and consolidated results for the first quarter of 2014.
PRASK, Yield and Fuel Prices
In March 2014 net PRASK moved up by 19% over the same month last year, due to the 9.0 p.p. increase in the system load factor to 73.7%, along with a 4% increase in yield over March 2013. In the quarter, PRASK grew by 18% year over year, and yield increased by 4%. The Company's new level of load factor of 76.1% in the first quarter enabled this growth.
In March, the average jet fuel price moved up by around 10% year over year, leading to an increase of around 10% in the quarter, over the same period last year.
In March, GOL's domestic market supply decreased 5.7% over March 2013, while demand grew by 7.4%, resulting in a 74.4% load factor, 9.1 p.p. up over prior year. In 1Q14, supply increased by 1.6%, while demand grew by 14.7% and load factor reached 76.8%, up 8.7 p.p. versus prior year.
International supply increased by 2.7% over March 2013, while demand was up by 17.5%, leading to an 8.6 p.p. improvement in the load factor. For the quarter, supply increased 1.5%, while demand increased by 18.4%, with a total load factor of 71.4%, up 10.2p.p. over prior year.
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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.
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