SAO PAULO, March 25, 2013 /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 its financial projections for the year of 2013.
GOL announces a reduction in its domestic capacity of between -8% and -10% for the first half of 2013. For the year of 2013, the reduction is around -7%, when compared to the same period of 2012. The projection reiterates the Company's strategy of supply rationalization for 2013 and its goal of a minimum growth of 10% in RASK and the recovery of operating margins.
The Company estimates a positive operating result for the first quarter of 2013, higher than in the same period last year. This projection assumes the assumptions informed below and, additionally, the traffic results for January and February of this year, disclosed through specific notices to the market.
2013 Financial Projections
Brazilian GDP Growth
GOL RASK variation
10% or More
GOL Domestic Capacity (ASK) variation
CASK ex-fuel (R$ cents)
Average Exchange Rate (R$/US$)
Operating Margin (EBIT)
The projection considers the fuel price at current levels. Due to the impact of an adverse macroeconomic scenario, the financial projections of the Company may be reviewed quarterly to incorporate the evolution of its operating performance, financial trends and possible changes in interest rate, foreign exchange, GDP and oil (WTI and Brent).
Edmar Lopes - CFO
Andre Carvalho - Planning and IR Manager
Gustavo Mendes - Investor Relations
Jenifer Nicolini - Investor Relations
Phone: (11) 2128-4700
Phone: (11) 2128-4183
ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.
GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 970 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States.
SOURCE GOL Linhas Aereas Inteligentes S.A.