SAO PAULO, Nov. 8, 2017 /PRNewswire/ -- GOL Linhas
Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announces its
consolidated results for the third quarter (3Q17). All information
is presented in accordance with IFRS.
Financial and Operational Highlights:
- Net revenue reached R$2.7
billion, an increase of 13.2% compared to 3Q16.
- Recurring operating income (EBIT) in 3Q17 was
R$326.9 million, an increase of 49.3%
compared to 3Q16. This is the fifth consecutive quarter with
positive operating results. Recurring EBIT margin increased 2.9
p.p. in relation to 3Q16.
- Auxiliary and cargo revenues increased by 7.0% in 3Q17,
reaching R$323.3 million.
- Net income in the period was a profit of R$327.6 million, after Smiles' minority interest,
representing a net margin of 12.1%. A positive result in comparison
to the loss of R$0.9 million in 3Q16.
In this quarter, the EPS was of R$0.94 and the EPADS was of US$1.49.
- Net cash flow in 3Q17 was R$419.3
million. Cash, cash equivalents, short-term investments and
accounts receivable increased to R$2,118.1
million.
- Adjusted total net debt, excluding perpetual bonds,
decreased by R$3.4 billion when
compared to 3Q16, reaching R$10.2
billion in 3Q17.
- The Company's average operating fleet was 109 Boeing 737
aircraft, with a utilization of 12.3 block hours per day.
- The average load factor in 3Q17 increased by 0.4 p.p.
compared to 3Q16, reaching 80.2%. The average yield per passenger
increased by 8.6% in the quarter.
"Brazilian macroeconomic remains a challenging environment, once
again we renew our commitment to continuous improving customer
experience, strong discipline in seats supply, growth in load
factor, and cost control to generate better operating results. As a
result, we achieved good operating results, with recurring EBITDA
margin increasing by 3.7 p.p. in relation to 3Q16", commented CEO
Paulo Kakinoff.
3Q17 Earnings Call: November 8,
2017, 11:30 a.m. (US EDT),
Phone: +1 (412) 317-5453, Code: GOL
Access to 3Q17 earnings release, full financials and
webcast: www.voegol.com.br/ir
Investor Relations: ri@voegol.com.br, +55 (11)
2128-4700
About GOL Linhas Aéreas Inteligentes S.A.: Brazil's largest airline group with three main
businesses: passenger transportation, cargo transportation and
coalition loyalty program.
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SOURCE GOL Linhas Aéreas Inteligentes S.A.