SAO PAULO, May 14, 2014 /PRNewswire/ -- GOL Linhas Aereas
Inteligentes S.A. (BM&FBOVESPA: GOLL4 e 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 first quarter of 2014.
Highlights
- Operating income (EBIT) totaled R$144 million in 1Q14, 43% increase versus
1Q13, with an operating margin of 5.8%. In the last 12
months (LTM), GOL achieved an EBIT of R$309 million and a margin of
3.3%.
- Net revenues reached R$2.5
billion, 20% or R$411
million, up year over year and the Company's highest ever
first-quarter figure. LTM net revenue stood at
R$9.4 billion.
- Total load factor of 76.1% on the 1Q14
represented an 8.9 percentage point improvement over 1Q13
and also a first-quarter record, while yield maintained its
upward trajectory, increasing by 4% in the period. These
factors helped push RASK and PRASK by 18% to
R$19.90 cents and R$18.23 cents, respectively.
- EBITDAR totaled R$493
million, 34% more than in 1Q13. LTM EBITDAR of
R$1,652 million, a Company
record, reducing leverage (adjusted gross debt/LTM EBITDAR)
from 27.9x, in 1Q13, to 6.5x in 1Q14.
- GOL closed 1Q14 with a total cash position of
R$2.8 billion, equivalent to
30% of LTM net revenue. The Company remains committed to
maintaining ample liquidity, which is essential at times of high
volatility in the economic scenario.
Conference Calls
Thursday, May
15, 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 Aereas Inteligentes S.A.