SAO PAULO, Aug. 13, 2015 /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 best-fare airline in Latin America, hereby announces a change in its 2015 guidance, disclosed on March 30 2015.
The previous domestic supply (ASK) guidance of zero growth has been changed to a range from zero growth and -1% in relation to the previous year. As the Company recorded a capacity increase of 2.1% in the first half of 2015, there should be a reduction of between -2% and -4% in the second half.
The reduction in the domestic market supply reflects the country's challenging economic scenario, marked by the depreciation of the real against the dollar, inflation of more than 9.5% in the last twelve months, with a negative impact on the population's purchasing power, and a substantial decline in the number of business travelers.
Since 2011, GOL has reduced its seat supply more than any other domestic market airline in order to adjust the size of its operations. As a result of this adjustment, its operational efficiency ratio increased by 9.5 percentage points from 69.0% in 2011 to 78.5% in 2015.
Due to the impact of an adverse macroeconomic scenario, GOL may revise its guidance to incorporate any developments in its operating and financial performance, as well as any changes in interest, FX, GDP and WTI and Brent oil price trends.
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SOURCE GOL Linhas Aereas Inteligentes S.A.