SAO PAULO, March 26, 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 fourth quarter and full year of
2013.
Highlights
- The fourth-quarter operating profit (EBIT) came to R$162.9 million, with an operating margin of
6%, representing the Company's highest level of operational
profitability in the last 10 quarters. In the full year of
2013, EBIT totaled R$266.0 million
with an operating margin of 3%, a 14.2 p.p. improvement over
2012.
- Net revenue totaled R$2,728.2
million in 4Q13, 29%, or R$609
million, up on 4Q12, fueled by the 19% upturn in yields
and the 5.1 percentage points increase in the total load factor,
which came to 74.8%. Annual net revenue reached the highest
historical level for the Company, R$8,956.2
million, R$853 million, or
11%, up on 2012.
- GOL reduced its annual operating costs by R$319 million, underlining its commitment to
adjusting its cost structure to a challenging
macroeconomic scenario. Despite the 11% depreciation of
the Real against the average Dollar, record jet fuel prices, and
the 7.4% decline in domestic supply, CASK increased by just 0.9%
in the quarter and 0.7% in the year.
- GOL recorded a net loss of R$19.3
million in 4Q13, an improvement of R$428 million compared to 4Q12, leading to
an annual net loss of R$724.6
million. Part of this result was due to the foreign exchange
variation, which generated an expense of R$490 million in 2013.
- GOL's cash position closed the year at a historical
record R$3 billion,
corresponding to 34% of annual net revenue.
Conference Calls - March 26,
2014
Portuguese
09:30 a.m. (US
ET)
Phone: +55 (11) 2188-0155
Code: GOL
English
11:00 a.m. (US
ET)
Phone: +1 (412) 317-6776
Code: 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 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.
SOURCE GOL Linhas Aéreas Inteligentes S.A.