SAO PAULO, Aug. 13, 2015 /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
best-fare airline in Latin
America, announces today its consolidated results for the
second quarter of 2015. All information is presented in accordance
with International Financial Reporting Standards (IFRS) and in
Brazilian reais (R$), and all comparisons are with the second
quarter of 2014, unless otherwise stated.
Quarter highlights
- Domestic demand grew by 4.7% in 2Q15 and
4.8% in 1H15, bringing the load factor to
78.0%, an increase of 2.0 p.p. in the quarter and
78.5%, an increase of 2.1 p.p. year to date, compared
to the same periods of 2014. During the quarter, the total load
factor expanded by 1.6 p.p., reaching 76.8%.
- GOL was the airline leader in on time performance in
Brazil in the second quarter and
in the first half 2015, reaching 96.53% and 95.32%,
respectively.
- The Company also maintained its leadership in the number
of tickets issued in the corporate sector, with 32.4% of
share in the first half of the year, representing an increase of
16.6% in the total number of tickets sold in the country,
compared to the same period last year.
- The Company's net revenue reached R$2.1 billion, a 10.5% decline compared to
the same period in 2014 – reflecting the country's economic
activity slowdown.
- Ancillary and cargo revenues reached R$284.3 million, an increase of 13.8%
compared to 2Q14, representing 13.3% of total net revenues.
International revenues had a share of 8.6%, reaching
R$182.6 million.
- Impacted by the economic scenario, the Company had a negative
operating result (EBIT) of R$251.1
million in 2Q15, with a negative operating
margin of 11.8%, compared to operating income of
R$37.8 million and margin of
1.6% in 2Q14.
- For the same reason mentioned above, EBITDAR totaled
R$90.7 million, with a margin
of 4.3%, a decrease of 11.5 p.p. compared to the same
period of 2014. However, in the last twelve months, EBITDAR reached
R$1.5 billion, with a margin
of 15.3%.
- The Company's costs and expenses remained practically stable
levels in the 2Q15, an increase of 1.6% over 2Q14. The
result benefited from the fall of 11.4% in the price of
jet fuel, which was R$2.21. The expense per ASK (CASK)
totaled R$20.06, in line with
the previous period.
- On July 10, 2015, aiming to
further strengthen the Company's financial position and liquidity,
GOL announced an agreement with its controlling
shareholder and Delta Air Lines, Inc. (NYSE: DAL)
("Delta") which provides for a capital increase of up to
US$146 million and the
extension of the current partnership between the two airlines.
Additionally, Delta will be the guarantor of a long-term
loan with third parties valued at up to US$300 million.
- GOL ended the second quarter of 2015 with a solid cash
position of R$2.1 billion,
representing 20.9% of the last twelve months net
revenue.
- The Company announced a new supply guidance for the year
2015, with the range of zero to a 1% reduction in the number
of seats for the domestic market, resulting in a reduction of
between 2% to 4% in the second half, when compared to the same
period 2014.
- On July 15, 2015, GOL
launched its new brand, consolidating important achievements after
the implementation of new products, services, technology and
customer care standards, which made for an even better flight
experience.
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
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SOURCE GOL Linhas Aereas Inteligentes S.A.