GOL Announces 2Q13 Results
Operating Margin Increases by 18 p.p. in 2Q13 Year over Year
SAO PAULO, Aug. 13, 2013
SAO PAULO, Aug. 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 second quarter of 2013 (2Q13).
oGOL recorded an operating loss (EBIT) of R$35 million in 2Q13 resulting in
a negative margin of 1.8%, an improvement of R$320 million and 18
percentage points over 2Q12. In the first half, GOL recorded a positive
operating margin of 1.7%, in line with the margin projected for 2013, of
between 1% and 3%.
oPRASK (passenger revenue per available seat-kilometer) totaled R$14.14
cents in 2Q13, 10.5% up on 2Q12. This performance fueled the 7.5%
year-over-year upturn in RASK (operating revenue per available
seat-kilometer), which came to R$15.72 cents in 2Q13. The continuous
monthly increase in PRASK since April 2012 reflects the Company's efforts
in optimizing its offer and maximizing the profitability of its routes.
oCASK (operating cost per available seat-kilometer) totaled R$16.01 cents
in the second quarter, 8.4% down on the same period last year. Fuel costs
per ASK fell by 8.8%, primarily due to the 3.4% decline in the per-liter
fuel price and the use of a more fuel-efficient fleet. CASK ex-fuel fell
by 8% in the same period, chiefly impacted by the reduction in personnel
oSMILES' IPO during the quarter meant that the Company ended 2Q13 with its
biggest ever quarterly cash position (cash, cash equivalents, financial
investments and short and long-term restricted cash), totaling R$2.8
billion, equivalent to34% of net revenue of the last 12 months (LTM).
For further information visit www.voegol.com.br/ir
Phone: +55 (11) 2128-4700
Phone: +55 (11) 2128-4183
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 under the GOL and VARIG brands.
SOURCE GOL Linhas Aereas Inteligentes S.A.
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