GOL increases RASK by 10.5% in 4Q12

GOL Linhas Aereas Inteligentes S.A. announced its results for the fourth quarter of 2012. Revenue per available seat-kilometer (RASK) grew by 10.5% over 4Q11, owing to the strategy of rationalizing supply adopted in March 2012. In 4Q12, GOL incurred additional costs of R$197mm due to the winding up of Webjet’s operations and impairment of assets. Excluding these items, GOL recorded an adjusted operating loss of R$160.1mn, with a negative margin of 7.6%. In 2012 as a whole, the adjusted operating loss came to R$708.9mn, with a negative margin of 8.7%. GOL created Smiles S.A., a new subsidiary responsible for conducting the Company’s loyalty program. In February, 2013, the Board of Directors approved the initiation of the necessary procedures in preparation for an IPO.

Email Post to a Friend Email Post to a Friend

Leave a Reply