GOL records operating margin of 4.9% in 1Q13
SAO PAULO, May 13, 2013
SAO PAULO, May 13, 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, announces its results
for the first quarter of 2013 (1Q13). All information presented herein is in
accordance with International Financial Reporting Standards (IFRS) and in
Brazilian Reais (R$), and all comparisons are with the first quarter of 2012
oGOL recorded an operating result of R$101 million in 1Q13, accompanied by
a margin of 4.9%, an increase of R$94 million or 4.6 percentage points,
versus an operating result of R$7 million in 1Q12, with a margin of 0.3%.
oNet revenue per available seat-kilometer (PRASK) reached R$15.46 in 1Q13,
12.4% up over 1Q12. This performance gave momentum to the annual increase
of 9.1% in revenue per available seat-kilometer (RASK), which came to
R$16.89 in 1Q13.
oOperating cost per available seat-kilometer excluding fuel costs (CASK
ex-fuel) stood at 8.71 cents (R$) in 1Q13, remaining virtually flat in
relation to the 8.63 cents (R$) recorded in 1Q12.
oAfter approval of the Board of Directors in 1Q13, on May 10, Smiles S.A.
established the offering's price at R$1,132,173,890.40, equivalent to
52,173,912 common shares, representing 43% of its total capital. The
shares of Smiles S.A. have been traded on BM&F Bovespa as of April 29,
2013. The net proceeds of approximately R$1.1 billion will be used by
Smiles S.A. excusively for the advance purchase of airline tickets from
VRG, a Company subsidiary.
oOnce again, GOL was the most punctual airline in the Brazilian market. The
Company achieved a punctuality ratio of 95% (93% in 1Q12).
For further information visit www.voegol.com.br/ir
Conference calls - Tuesday - May 14, 2013
10:00 a.m. (Brazil)
9:00 a.m. (US ET)
Tel.: +55 (11) 4706-0951
11:00 a.m. (Brazil)
10:00 a.m. (US ET)
Tel.: +55 (11) 4688-6361 (Brazil) or
+1 (786) 924-6977 (USA)
Edmar Lopes - CFO
Andre Carvalho - Planning and IR Manager
Gustavo Mendes - Investor Relations
Jenifer Nicolini - Investor Relations
Phone: +55 (11) 2128-4700
Phone: +55 (11) 2128-4183
ABOUT GOL LINHAS AÉREAS INTELIGENTES S.A.
GOL, the largest low-cost and low-fare airline in Latin America, offers around
970 daily flights.
SOURCE GOL Linhas Aereas Inteligentes S.A.
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