GOL reports 3Q14 operating income of R$152m

GOL Linhas Aéreas Inteligentes has announced its results for the third quarter of 2014 (3Q14) including operating income (EBIT) of R$152 million, which was up R$115 million over 3Q13, with an operating margin (EBIT) of 6.2%, up by 4.5 percentage points.

Net revenue reached R$2.5 billion, a 10% increase over 3Q13, of which R$2.2 billion came from passenger revenues. Net revenue from cargo and others totaled R$272 million, increasing its share from 8% in 3Q13 to 11% of the total revenue in 2Q14.

The total load factor increased by 8 percentage points to 77.5% in the quarter. This increase more than compensated for the 2% decline in yield. As a result, RASK and PRASK increased by 13% and 9% over 3Q13, respectively.

Total CASK grew 7% over 3Q13, while CASK ex-fuel increased by 10%. As RASK moved up 3 percentage points above the CASK ex-fuel, GOL maintained its margin expansion in the quarter reflecting its focus on controlling the manageable costs and increasing revenue.

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