GOL Announces Investor Update
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
ir.voegol.com.br
Company Research
Source: PR Newswire
SAO PAULO, Oct. 8, 2018 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, provides its Investor Update. The information below for the quarter ended in September 2018 is preliminary and unaudited.Overall Commentary¹GOL expects an operating margin for the quarter ended in September of 5.0%-5.5%, approximately 7 p.p. down in relation to the quarter ended in September 2017 (12.2%), mainly due to the appreciation of the U.S. dollar and higher jet fuel prices in the period. Operating cash flow in the September quarter is expected to be R$450-500 million. Passenger unit revenue (PRASK)² for the third quarter is expected to be up 4.5%-5.0% year over year, as GOL's capacity discipline and revenue management strategies continue to benefit results. For the quarter ended in September, GOL expects unit revenue (RASK) to increase 4.0%-4.5%. Non-fuel unit costs (CASK ex-fuel), are expected to reduce by approximately 2.5% in relation to the third quar
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