GOL Reports 6th Consecutive Quarterly EBIT Evolution, with Operating Margin of 1.6%, 3.4p.p. up over 2Q13

GOL Reports 6th Consecutive Quarterly EBIT Evolution, with Operating Margin of
                          1.6%, 3.4p.p. up over 2Q13

PR Newswire

SAO PAULO, Aug. 13, 2014

SAO PAULO, Aug. 13, 2014 /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 today its
results for the second quarter of 2014.

Highlights

  oGOL registered a positive operating margin of 1.6% in 2Q14, 3.4 percentage
    points up year over year. As a result, operating income (EBIT) recorded
    its sixth consecutive quarterly improvement, reaching R$38 million, R$73
    million more than in 2Q13. In the last twelve months (LTM), EBIT totaled
    R$382 million with an operating margin of 3.9%.
  oNet revenue reached R$2.4 billion, the Company's highest ever
    second-quarter figure, 24% up over 2Q13. LTM net revenue stood at R$9.8
    billion, R$1.7 billion higher than in the 2Q13 LTM.
  oEBITDAR totaled R$375 million, 60% more than in 2Q13. LTM EBITDAR came to
    R$1.8 billion. As this indicator has a direct impact on financial
    leverage, the adjusted net debt/LTM EBITDAR ratio fell to 4.6x from 11.3x
    in 2Q13.
  oTotal load factor came to 75.2% in the second quarter and 75.7% year to
    date, respective increases of 7.5 and 8.2 percentage points. Demand for
    seats increased by 10.5% year to date, while capacity fell by 1.5% in the
    same period. Since 2012, GOL has reduced its domestic market supply by
    15%, reinforcing its flexible capacity management strategy. 

Conference Calls
Thursday, August 14, 2014

Portuguese
9:30 a.m. (US ET)
10:30 a.m. (Brazil)
Tel.: +55 (11) 2188-0155
Password: GOL

English
11:00 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: ri@golnaweb.com.br

CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@golnaweb.com.br

ABOUT GOL

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 910
daily flights.

SOURCE GOL Linhas Aéreas Inteligentes S.A.

Website: http://www.voegol.com.br/ir
 
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