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
SÃO PAULO, Oct. 8, 2019 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's premier domestic airline, provides its Investor Update. The information below for the quarter ended in September 2019 is preliminary and unaudited. For comparison purposes, third quarter 2018 results were adjusted in accordance with IFRS 16.Overall Commentary¹GOL expects an EBITDA margin for the quarter of 29% to 31%1, an increase in relation to the quarter ended in September 2018 (18.9%²). Passenger unit revenue (PRASK) for the third quarter is expected to be up approximately 20% year over year. For the quarter ended in September, GOL expects unit revenue (RASK) to increase approximately 19%. Non-fuel unit costs (CASK ex-fuel) are expected to increase by approximately 15%1,3 in relation to the third quarter of the prior year, primarily due to increases in payroll tax rates due to the elimination of the Payroll Tax Relief Program, increased commissions due to increased forwa
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