GOL Expects Passenger Unit Revenue To Grow 35% In Q4

  • Gol Linhas Aereas Inteligentes SA GOL provided preliminary results for 4Q21.
  • The company expects a Loss Per Share of ~R$(1.33) and a Loss Per American Depositary Share (EPADS) of $(0.48). 
  • The company anticipates an EBITDA margin of ~ 35%.
  • The company expects passenger unit revenue to be up ~35% year over year, CASK ex-fuel to decrease by ~12%, primarily due to increased productivity, Fuel unit costs to increase by ~55%, driven by a 75% increase in the average fuel price.
  • Total Demand – RPK expected to be up ~15.4% Y/Y; Total Capacity – ASK up 13.2% Y/Y; and Total Capacity – Seats up by 20.9% Y/Y.
  • GOL's financial leverage Net Debt/EBITDA ratio was ~5.6x at the end of Q4.
  • The company amortized ~R$200 million of debt in the quarter. It expects total liquidity at quarter-end to be at R$3.6 billion.
  • Price Action: GOL shares are trading lower by 2.73% at $5.52 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsSmall CapBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!