07.03.2018 10:46:00

GOL Announces Preliminary Outlook and Investor Guidance for 2019

SÃO PAULO, March 7, 2018 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, today provides general outlook and guidance for full year 2019 (preliminary).

The Company's guidance highlights key metrics which impact financial results and drive long-term shareholder value.  GOL provides forward-looking information that is focused on the main metrics the Company uses to measure business performance. These indicators are useful for analysts and investors who project GOL's results.

Financial Outlook

Current Guidance

Preliminary

(Consolidated, IFRS)

2018E

2019E1

Total fleet (average)

118

122 to 124

ASKs, System (% change)

1% to 3%

5% to 10%

- Domestic

0% to 3%

1% to 3%

- International

7% to 10%

30% to 40%

Seats, System (% change)

1% to 3%

3% to 5%

Departures, System (% change)

1% to 3%

2% to 5%

Average load factor (%)

79% to 80%

79% to 81%

Cargo and other revenues (R$ billion)

~ 1.6

~ 2

Total net revenues (R$ billion)

~ $11

~ 12

Non-fuel CASK (R$ cents)

~ 15

~ 15

Fuel liters consumed (mm)

~ 1,400

~ 1,440

Fuel price (R$ / liter)

~ 2.2

~ 2.6

Aircraft rent (R$mm)

~ 950

~ 1,000

EBITDA margin (%)

~ 16%

~ 18%

Operating (EBIT) margin (%)

~ 11%

~ 13%

Effective income tax rate (%)

~ 0%

~ 0%

Capital expenditures (R$mm)

~ 600

~ 600

Net Debt2 / EBITDA (x)

~ 3.0x

~ 2.5x

Fully-diluted shares outstanding (million)

347.7

347.7

Earnings per share – fully diluted3(R$)

1.20 to 1.40

1.70 to 2.30

Fully-diluted ADS outstanding (million)

173.9

173.9

Earnings per ADS – fully diluted3 (US$)

0.75 to 0.90

1.00 to 1.50

 

(1) 2019 figures do not consider IFRS 16;         (2) Excluding perpetual bonds;        (3) After participation of minority interest in Smiles S.A. and excluding non-recurring expenses from financial results.

The current guidance for 2019 may be adjusted in order to incorporate the evolution of GOL's operating and financial performance and any eventual changes to the Brazilian economy and GOL's broader economic environment, including variations in such variables as GDP growth, interest rate, exchange rate, and WTI and Brent oil price trends.

About GOL Linhas Aéreas Inteligentes S.A.

Brazil's largest airline group. GOL is Brazil's largest airline, carrying 33 million passengers annually on more than 700 daily flights to 64 destinations, 53 in Brazil and 11 in South America and the Caribbean, on a fleet of 119 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a leading cargo transportation and logistics business serving more than 2,400 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with over 13 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 14,000 highly skilled aviation professionals delivering Brazil's top on-time performance, and an industry leading 17 year safety record. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).

 

 

Cision View original content:http://www.prnewswire.com/news-releases/gol-announces-preliminary-outlook-and-investor-guidance-for-2019-300609709.html

SOURCE GOL Linhas Aéreas Inteligentes S.A.

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