GOL Announces its 4Q14 Results
March 30 2015 - 10:05PM
PR Newswire (US)
SAO PAULO, March 30, 2015 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4),
(S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and
best-fare airline in Latin
America, announces its 4Q14 Results.
Highlights
- Operating income (EBIT) of R$505 million in
2014, with an operating margin of 5.0%, up
89.8% compared to R$266 million
recorded in 2013. In 4Q14, EBIT came to
R$170.7 million, a 4.8% improvement
over 4Q13, with a margin of 6.3%, up by 0.3 percentage point.
- Net revenue reached R$10 billion in the year, 12.4% more than in
2013, being R$9.0 billion in
passenger revenue and R$1 billion in ancillary
revenues, increasing its share of total revenue from 9.3%, in
2013, to 10.1%. International
revenue amounted to R$1.2 billion, equivalent to 12% of the total. In
4Q14, net revenue totaled R$2.7 billion, in line with 4Q13.
- EBITDAR came to R$1.813 billion, with a margin of 18.0%, 18.8% up
vs. 2013 and the Company's highest ever annual figure. In 4Q14,
EBITDAR amounted to R$482.2 million,
with a margin of 17.7%.
- The consolidated load factor increased by 7 percentage points in the year,
reaching 76.9%, with the domestic up by 7
percentage points to 77.8%, and international load factors up by
8.3 percentage points to 71%. In 4Q14, the consolidated load factor was 78.7%, 3.9 percentage points
higher than 4Q13.
- Net RASK came to R$20.33 cents in 2014, 12.7% more than 2013 and
total CASK wasR$19.31 cents, up by 10,3%. CASK ex-fuel increased by 12.8% for the same period.
- In 2014, GOL obtained neutral operating
cash flow and closed the year with a cash position of
R$2.5 billion, representing 25% of
its last 12 months net revenue.
- The financial leverage ratio (adjusted gross debt/EBITDAR) was 6.7x,
versus 6.9x at the end of 2013, benefited by improved EBITDAR and
partially affected by the 13.4% depreciation of the real.
- In 2014, GOL continued with its Liability
Management initiatives. Dollar-denominated debt fell by 5% or
US$97 million over 2013 , while debt
in Reais (ex-Smiles) remained flat.
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
SOURCE GOL Linhas Aéreas Inteligentes S.A.
Copyright 2015 PR Newswire
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