GOL Reviews Projections for 2013 and Reaffirms Operating Margin PR Newswire SAO PAULO, Aug. 12, 2013 SAO PAULO, Aug. 12, 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, hereby announces a review of its financial projections for the year of 2013. All metrics were revisited, and three indicators have been changed: i. The operating cost per available seat kilometer excluding fuel was changed to between R$9.5 and R$10.0 cents; ii. The average exchange rate (R$/US$) for 2013 was changed to between R$2.10 and R$2.20; iii. The fuel price* was changed to between R$2.38 and R$2.48. The Company maintains its guidance for operating margin between 1% and 3% announced earlier this year. Previous 2013 Guidance New (06/24/2013) From To From To Brazilian GDP Growth 2.0% 2.5% 2.0% 2.5% Annual Change in RASK = or > 10% = or > 10% Annual Change in Domestic Supply Around -9% Around -9% (ASK) CASK ex-fuel (R$ cents) 10.3 9.7 10.0 9.5 Average Exchange Rate (R$/US$) 2.18 2.08 2.20 2.10 Jet Fuel Price (QAV)* 2.40 2.30 2.48 2.38 Operating margin (EBIT) 1% 3% 1% 3% (*)The per-liter fuel price considers total fuel and lubricant expenses divided by period consumption. For further information visit www.voegol.com.br/ir CONTACTS INVESTOR RELATIONS Phone: +55 (11) 2128-4700 E-mail: email@example.com Website: www.voegol.com.br/ir Twitter: www.twitter.com/GOLinvest CORPORATE COMMUNICATIONS Phone: +55 (11) 2128-4183 E-mail: firstname.lastname@example.org Twitter: www.twitter.com/VoeGOLoficial Blog: http://blog.voegol.com.br 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, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type. The SMILES loyalty program allows members to accumulate miles and redeem tickets to more than 560 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 3,500 cities in Brazil and eight abroad. SOURCE GOL Linhas Aereas Inteligentes S.A. Website: http://www.voegol.com.br/ir
GOL Reviews Projections for 2013 and Reaffirms Operating Margin
Press spacebar to pause and continue. Press esc to stop.