SÃO PAULO, March 7,
2018 /PRNewswire/ -- GOL Linhas Aéreas
Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3:
GOLL4), Brazil's #1 airline,
today provides general outlook and guidance for full year 2019
(preliminary).
The Company's guidance highlights key metrics which impact
financial results and drive long-term shareholder value. GOL
provides forward-looking information that is focused on the main
metrics the Company uses to measure business performance. These
indicators are useful for analysts and investors who project GOL's
results.
|
Financial
Outlook
|
Current
Guidance
|
Preliminary
|
|
(Consolidated,
IFRS)
|
2018E
|
2019E1
|
|
Total fleet
(average)
|
118
|
122 to 124
|
|
ASKs, System (%
change)
|
1% to 3%
|
5% to 10%
|
|
- Domestic
|
0% to 3%
|
1% to 3%
|
|
-
International
|
7% to 10%
|
30% to 40%
|
|
Seats, System (%
change)
|
1% to 3%
|
3% to 5%
|
|
Departures, System (%
change)
|
1% to 3%
|
2% to 5%
|
|
Average load factor
(%)
|
79% to 80%
|
79% to 81%
|
|
Cargo and other
revenues (R$ billion)
|
~ 1.6
|
~ 2
|
|
Total net revenues
(R$ billion)
|
~ $11
|
~ 12
|
|
Non-fuel CASK (R$
cents)
|
~ 15
|
~ 15
|
|
Fuel liters consumed
(mm)
|
~ 1,400
|
~ 1,440
|
|
Fuel price (R$ /
liter)
|
~ 2.2
|
~ 2.6
|
|
Aircraft rent
(R$mm)
|
~ 950
|
~ 1,000
|
|
EBITDA margin
(%)
|
~ 16%
|
~ 18%
|
|
Operating (EBIT)
margin (%)
|
~ 11%
|
~ 13%
|
|
Effective income tax
rate (%)
|
~ 0%
|
~ 0%
|
|
Capital expenditures
(R$mm)
|
~ 600
|
~ 600
|
|
Net Debt2
/ EBITDA (x)
|
~ 3.0x
|
~ 2.5x
|
|
Fully-diluted shares
outstanding (million)
|
347.7
|
347.7
|
|
Earnings per share –
fully diluted3(R$)
|
1.20 to
1.40
|
1.70 to
2.30
|
|
Fully-diluted ADS
outstanding (million)
|
173.9
|
173.9
|
|
Earnings per ADS –
fully diluted3 (US$)
|
0.75 to
0.90
|
1.00 to
1.50
|
(1) 2019 figures do not consider IFRS
16; (2) Excluding
perpetual bonds; (3)
After participation of minority interest in Smiles S.A. and
excluding non-recurring expenses from financial results.
The current guidance for 2019 may be adjusted in order to
incorporate the evolution of GOL's operating and financial
performance and any eventual changes to the Brazilian economy and
GOL's broader economic environment, including variations in such
variables as GDP growth, interest rate, exchange rate, and WTI and
Brent oil price trends.
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 64 destinations, 53 in Brazil and 11 in South America and the Caribbean, on a fleet of 119 Boeing 737
aircraft, with a further 120 Boeing 737 MAX on order.
GOLLOG is a leading cargo transportation and
logistics business serving more than 2,400 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 13 million registered participants, allowing clients to
accumulate miles and redeem tickets for more than 700 locations
worldwide. GOL has a team of more than 14,000 highly skilled
aviation professionals delivering Brazil's top on-time performance, and an
industry leading 17 year safety record. GOL's shares are traded on
the NYSE (GOL) and the B3 (GOLL4).
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SOURCE GOL Linhas Aéreas Inteligentes S.A.