GOL Announces Its 3Q14 Results
GOL records operating income of R$ 152 million with 6.2% operating margin in the 3Q14, a 4.5 percentage point improvement YoY
SAO PAULO, Nov. 11, 2014 /PRNewswire/-- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 andNYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and best-fare airline in Latin America, announces today its results for the third quarter of 2014.
Highlights
- Operating income (EBIT) registered R$ 152 million in 3Q14, R$ 115 million up over 3Q13, with an operating margin (EBIT) of 6.2%, up by 4.5 percentage points. The last twelve months (LTM) EBIT totaled R$ 497 million, with an operating margin of 4.9%.
- Net revenue reached R$ 2.5 billion, 10% up over the 3Q13, of which R$ 2.2 billion refers to passenger revenues. Net revenue from cargo and others totaled R$ 272 million, increasing its share from 8% in 3Q13 to 11% of the total revenue. Net revenue LTM stood at R$ 10 billion, a new record, with international revenue accounting for 11% of total revenues, reaching R$ 1.1 billion.
- EBITDAR totaled R$ 463 million, 24% up on 3Q13. The EBITDAR LTM came to a record registering R$ 1.9 billion, reducing the financial leverage ratio (adjusted gross debt/EBITDAR) by 4.6 points, from 10.9x in 3Q13, to 6.3x in 3Q14.
- Total load factor increased by 8 percentage points to 77.5% in the quarter. This increase more than compensates the 2% decline in yield. As a result, RASK and PRASK increased by 13% and 9% over 3Q13, respectively.
Conference Calls
Wednesday, November 12, 2014
Portuguese
7:30 a.m. (US ET)
10:30 a.m. (Brazil)
Tel.: +55 (11) 2188-0155
Password: GOL
English
9:00 a.m. (US ET)
12:00 p.m. (Brazil)
+1 (412) 317-6776
Password: GOL
For further information visit www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: [email protected]
CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: [email protected]
ABOUT GOL
GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 andNYSE: GOL), the largest low-cost and best-fare airline in Latin America, offers around 910 daily flights.
SOURCE GOL Linhas Aéreas Inteligentes S.A.
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