PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
Jardim Aeroporto
04630-000 São Paulo, São Paulo
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark
whether the registrant by furnishing the
information contained in this Form is
also thereby furnishing the
information to the Commission pursuant to Rule
12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
São Paulo, December 9, 2004 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), Brazil’s low-fare, low-cost airline, today released preliminary passenger statistics for the month of November 2004. The Company’s market share in November 2004 increased 4.9 percentage points compared with the same period last year. Revenue passenger kilometers increased 40.9%, while load factor increased 9.4 percentage points.
| Operating Data | November 2004 |
November 2003 |
Change (%) |
| Available Seat Kilometers – ASK (mm) (1) | 782.9 | 638.9 | 22.5% |
| Revenue Passenger Kilometers - RPK (mm) (2) | 566.4 | 402.1 | 40.9% |
| Market Share (in relation to RPK) | 23.9% | 19.0% | + 4.9 p.p. |
| Load Factor (3) | 72.3% | 62.9% | + 9.4 p.p. |
| 1. | Available seat kilometers represents the aircraft seating capacity multiplied by the number of kilometers the seats are flown. |
| 2. | Revenue passenger kilometers represents the numbers of kilometers flown by revenue passengers. |
| 3. | Load factor represents the percentage of aircraft seating capacity that is actually utilized (calculated by dividing revenue passenger kilometers by available seat kilometers). |
| Source: | Department of Civil Aviation (DAC) |
| Financial Outlook (US GAAP) | 2004 (Re-iterated) | 2005 (Preliminary) |
| Net Revenues (R$ billion) | +/- R$ 1.9 | +/- R$ 2.6 |
| Earnings per Share (per PN) | R$2.05 – 2.30 | R$2.55 – 2.80 |
| EBITDAR Margin | 41% - 43% | 39% - 41% |
| Operating Margin | 28% - 30% | 26% - 28% |
About GOL Linhas Aéreas
Inteligentes
GOL Linhas Aéreas Inteligentes, a “low-cost, low-fare” airline, is one
of the most profitable and fastest growing airlines in the industry worldwide. GOL
operates a simplified fleet with a single-class of service. It also has one of the
youngest and most modern fleets in the industry that results in low maintenance,
fuel and training costs, and therefore high aircraft utilization and efficiency
ratios. In addition, safe and reliable services, which stimulate GOL’s brand
recognition and customer satisfaction, allow GOL to have the best cost-benefit
service in the market. GOL currently offers service to 36 major business and travel
destinations in Brazil, with substantial expansion opportunities. By the year-end, GOL
plans to grow by increasing frequencies in existing markets and adding service to
additional markets in both Brazil and other high-traffic South American travel
destinations. GOL listed its shares on the NYSE and the Bovespa in June 2004.
| For additional information please contact: | |
| Media - International: | Media - Brazil: |
| Gavin Anderson | MVL Comunicação |
| Gabriela Juncadella | Juliana Cabrini or Roberta Corbioli |
| Ph: 212-515-1957 | Ph: (5511) 3049-0343 / 0342 |
| e-mail: GJuncadella@GavinAnderson.com | e-mail: juliana.cabrini@mvl.com.br |
Investor Relations:
Ph: (5511) 5033 4393
e-mail: ri@golnaweb.com.br
www.voegol.com.br (IR section)
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL’s management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOL’s filed disclosure documents and are, therefore, subject to change without prior notice.
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GOL LINHAS AÉREAS INTELIGENTES S.A.
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| By: |
/S/
Richard F. Lark, Jr.
| |
|
Name: Richard F. Lark, Jr.
Title: Vice President – Finance, Chief Financial Officer
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.