SAO PAULO, Nov. 11, 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 best-fare airline in Latin
America, announces today its results for the third quarter
of 2014.
Highlights
- Operating income (EBIT) registered R$ 152 million in 3Q14, R$ 115 million up over 3Q13, with an operating
margin (EBIT) of 6.2%, up by 4.5 percentage points. The
last twelve months (LTM) EBIT totaled R$ 497 million, with an operating margin
of 4.9%.
- Net revenue reached R$ 2.5
billion, 10% up over the 3Q13, of which R$ 2.2 billion refers to passenger
revenues. Net revenue from cargo and others totaled
R$ 272 million, increasing its share
from 8% in 3Q13 to 11% of the total revenue. Net revenue LTM
stood at R$ 10 billion, a new record, with international
revenue accounting for 11% of total revenues, reaching
R$ 1.1 billion.
- EBITDAR totaled R$ 463
million, 24% up on 3Q13. The EBITDAR LTM came to a record
registering R$ 1.9 billion, reducing
the financial leverage ratio (adjusted gross debt/EBITDAR)
by 4.6 points, from 10.9x in 3Q13, to 6.3x in 3Q14.
- Total load factor increased by 8 percentage points to
77.5% in the quarter. This increase more than compensates the 2%
decline in yield. As a result, RASK and PRASK
increased by 13% and 9% over 3Q13, respectively.
Conference Calls
Wednesday,
November 12, 2014
Portuguese
7:30 a.m.
(US ET)
10:30 a.m.
(Brazil)
Tel.: +55 (11) 2188-0155
Password: GOL
English
9:00 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 best-fare airline in
Latin America, offers around 910
daily flights.
SOURCE GOL Linhas Aéreas Inteligentes S.A.
