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GOL announces Material Fact Investor Update

SAO PAULO, July 5, 2017 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, provides its Investor Update. The information below for the quarter ended in June 2017 is preliminary and unaudited.

Overall Commentary

  • GOL expects an operating margin for the quarter ended in June of 1.5-2.0%, an increase of approximately 1000 b.p. over the quarter ended in June 2016 of –8.2%, excluding non-recurring expenses.
  • Passenger unit revenue (PRASK) for the second quarter was up 7.5-8.0% year over year, as GOL's capacity discipline and revenue management strategies continue to benefit results. For the quarter ended in June, GOL expects unit revenue (RASK) to increase 8.5-9.0%.
  • Non-fuel unit costs (CASK ex-fuel), excluding non-recurring expenses, are expected to be reduced approximately 4% for the second quarter 2017 versus...

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