SÃO PAULO, Nov. 9, 2017 /PRNewswire/ -- GOL Linhas
Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3:
GOLL4), Brazil's #1 airline,
announces an increase in its guidance for the full year 2017.
The revision is based on 3Q17 financial results and the air traffic
figures for 9M17, improved operating and financial performance, and
the Company's commitment to capacity discipline.
GOL believes it has matched the Company's supply of seats with
demand for its air transportation services, as indicated by GOL's
consistently high load factors. The 2017 revised guidance
(table below) reflects the continuity of this strategy.
|
Financial Outlook
(IFRS)
|
Full year
2017
Previous
|
Full year
2017
Updated
|
|
Average operating
fleet
|
115
|
115
|
|
Variation in supply
(ASK)
|
0% to -2%
|
+/- 0.5%
|
|
Variation in total
seats
|
-3% to -5%
|
+/- 2%
|
|
Variation in volume
of departures
|
-3% to -5%
|
+/- 4%
|
|
Average load
factor
|
77% to 79%
|
+/- 79%
|
|
Net Revenues
(billion)
|
+/- R$10
|
+/- R$10.3
|
|
Non-fuel CASK (R$
cents)
|
+/- 14
|
+/- 13.7
|
|
Aircraft rent
(billion)
|
+/- R$1
|
+/- R$1
|
|
EBITDA
margin
|
12% to 14%
|
+/-14%
|
|
Operating (EBIT)
margin
|
7% to 9%
|
+/- 9%
|
|
Fully-diluted shares
outstanding (million)
|
347.2
|
347.7
|
|
Earnings per share –
fully diluted1
|
R$0.38 to
R$0.52
|
R$0.80 a
R$0.90
|
|
Fully-diluted ADS
outstanding (million)
|
69.4
|
69.5
|
|
Earnings per ADS –
fully diluted1
|
US$0.57 to
US$0.78
|
US$1.25 a
US$1.40
|
|
Net
Debt/EBITDA2
|
+/- 4.2x
|
+/- 3.4x
|
(1) After participation of minority interest. (2) Net
Debt excluding perpetual bonds.
The Company's guidance for the full year 2017 is: a variation in
ASK of approximately 0.5%, a variation in total seats of 2% and an
average load factor of 79%. Full-year CASK ex-fuel is expected to
be around R$13.70 cents. GOL expects
EBITDA margin near 14%, operating margin of approximately 9%,
earnings per share of R$0.80 to
R$0.90 and earnings per ADS between R$1.25 and R$1.40. The Company's leverage (Net
Debt/EBITDA) is expected to be around 3.4x.
GOL believes that its leadership in rational capacity and yield
management, combined with its lowest cost operations and a highest
quality passenger service, will enable the Company to increase its
competitive advantages and effectively manage passenger demand.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55 (11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A.
Brazil's largest airline group.
GOL is Brazil's
largest airline, carrying 33 million passengers annually on more
than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737
aircraft, with a further 120 Boeing 737 MAX on order.
GOLLOG is a leading cargo transportation and
logistics business serving more than 2,200 Brazilian municipalities
and, through partners, 205 international destinations in 95
countries. SMILES is one of the largest coalition
loyalty programs in Latin America,
with over 12 million registered participants, allowing clients to
accumulate miles and redeem tickets for more than 700 locations
worldwide. GOL has a team of more than 15,000 highly skilled
aviation professionals delivering Brazil's top on-time performance, and an
industry leading 16 year safety record. GOL's shares are traded on
the NYSE (GOL) and the B3 (GOLL4).
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SOURCE GOL Linhas Aereas Inteligentes S.A.