GOL announces Preliminary Financial Guidance for 2017
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, Dec. 22, 2016 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. ("GLAI" or "Company"), (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CCC, Fitch: CC and Moody's: Caa3), Brazil's largest air transportation and travel services group, with operation in passenger transportation, cargo transportation and coalition loyalty programs, today announced its 2017 preliminary financial guidance:IndicatorPreliminary GuidanceFull year 2017Average Fleet115Variation in supply (ASK)0% to -2%Variation in total seats-3% to -5%Variation in volume of departures-3% to -5%Average Load Factor77% a 79%EBIT Margin5% a 7%The Company has worked diligently to match fleet growth with GDP growth, and management believes it has successfully matched GOL's supply of seats with demand, as indicated by the Company's high load factors. GLAI's 2017 guidance reflects the continuance of a sound strategy, with a supply forecast matching GDP growth and the expected demand for seats.Given the volatility of the Brazilian
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