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___
GOL Announces Traffic Statistics for December 2006; Updates Guidance
São Paulo, January 8, 2007 - GOL Linhas Aéreas Inteligentes (NYSE: GOL and Bovespa: GOLL4), Brazils low fare, low cost airline, today released preliminary passenger statistics for the month of December 2006. System-wide passenger traffic (RPK) increased 48% and capacity (ASK) increased 65% year-over-year. GOLs system load factor for the month of December 2006 was 67%.
Domestic passenger traffic (RPK) for December increased 42% and capacity (ASK) increased 55%. GOLs domestic load factor for the month of December 2006 was 69%. International passenger traffic (RPK) for December increased 143% and capacity (ASK) increased 221%. International load factor for the month of December 2006 was 57%. Average fares were reduced approximately 6% versus December 2005.
Operating Data | December | December | Change | |||
2006 * | 2005 * | (%) | ||||
Total System | ||||||
ASK (mm) (1) | 2,262.8 | 1,367.8 | 65.4% | |||
RPK (mm) (2) | 1,526.1 | 1,028.7 | 48.4% | |||
Load Factor (3) | 67.4% | 75.2% | -7.8 p.p. | |||
Domestic Market | ||||||
ASK (mm) (1) | 1,987.7 | 1,282.2 | 55.0% | |||
RPK (mm) (2) | 1,370.3 | 964.5 | 42.1% | |||
Load Factor (3) | 68.9% | 75.2% | -6.3 p.p. | |||
International Market | ||||||
ASK (mm) (1) | 275.1 | 85.6 | 221.4% | |||
RPK (mm) (2) | 155.8 | 64.2 | 142.7% | |||
Load Factor (3) | 56.6% | 75.0% | -18.4 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).
During the month of December, GOL launched 29 new domestic flights and 14 new international flights.
During 4Q06, planned capacity additions facilitated an increase in ASKs of approximately 56% versus 4Q05. During the quarter, GOL incorporated into its fleet twelve new Boeing 737 aircraft. RPKs in 4Q06 increased approximately 43% versus 4Q05. Preliminary figures for the fourth quarter show that GOL achieved a load factor of approximately 68%, a passenger yield of approximately R$22.5 cents, and net operating revenues per ASK (RASK) of approximately R$17.5 cents. Operating expenses per ASK decreased approximately 11% in the quarter and, for 4Q06, the Company estimates an operating cost per ASK (CASK) of approximately R$14.8 cents.
- 1 / 3 -
Also, the Company has updated its guidance to account for a higher productivity and stage length on planned capacity increases, lower yields related to lower load factors, an increased stage length, and the launch of new daily flights and new destinations during the quarter. GOLs operating fleet is currently composed of 65 Boeing 737 aircraft.
GOLs old and new guidance for 2006 full year can be found in the table below:
Guidance | 2006 FY Old | 2006 FY New |
ASK Growth | +/- 50% | +/- 56% |
Load Factor | +/- 73% | +/- 73% |
Net Revenues | +/- R$ 3.9 billion | +/- R$ 3.85 billion |
CASK ex-fuel | +/- R$ 9.3 cents | +/- R$ 9.2 cents |
Operating Margin | +/- 21% | +/- 20% |
Earnings per Share | R$ 3.40 - R$ 3.65 | R$ 3.15 - R$ 3.30 |
- 2 / 3 -
About GOL Linhas Aéreas Inteligentes
GOL Linhas Aéreas Inteligentes is one of the most profitable and fastest growing low-cost, low-fare airlines in the industry worldwide. GOL provides frequent service on routes connecting all of Brazils major cities as well as primary
destinations in Argentina, Bolivia, Chile, Paraguay and Uruguay through its more than 600 daily flights to 55 major airports. GOL offers daily flights to more destinations in Brazil than any other domestic airline while providing customers with the
most convenient flight schedules in the country. GOL operates a young, modern fleet of Boeing 737s, the safest and most comfortable aircraft of its class, with low maintenance, fuel and training costs, and high aircraft utilization and efficiency
ratios. In addition to safe and reliable service, which stimulates GOLs brand recognition and customer satisfaction, the Companys single class of service is recognized as the best value proposition in the market. GOLs growth plans
include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other hightraffic South American travel destinations. GOL shares are listed on the NYSE and the Bovespa. GOL: here everyone can fly!
For more information, flight times and fares, please access our site at www.voegol.com.br or call: 0300-789-2121 in Brasil, 0810-266-3131 in Argentina, 800-1001-21 in Bolívia, 0004 055 127 in Uruguai, 009 800 55 1 0007 in Paraguai, 1 888 0042 0090 or 1230 020 9104 in Chile, and 55 11 2125-3200 in other countries.
CONTACT: GOL Linhas Aéreas Inteligentes S.A.
Investor Relations | Corporate Communications | |
Ph: (5511) 3169 6800 | Ph: (5511) 3169 6449 | |
E-mail: ri@golnaweb.com.br | E-mail: rcorbioli@golnaweb.com.br | |
www.voegol.com.br/ir | ||
Media U.S. & Europe | ||
Media Brazil & Latin America | Edelman; G. Juncadella and M. Smith | |
MVL Comunicação; D. Nakayama | Ph: +1 (212) 704-4448 / 704-8196 | |
Ph: (5511) 3049-0333 | E-mail: gabriela.juncadella@edelman.com | |
e-mail: daniela.nakayama@mvl.com.br | meaghan.smith@edelman.com |
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 GOLs management concerning the future of the business and its continued access to capital to fund the Companys 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 GOLs filed disclosure documents and are, therefore, subject to change without prior notice.
- 3 / 3 -
GOL LINHAS AÉREAS INTELIGENTES S.A. |
||
By: |
/S/ Richard F. Lark, Jr.
|
|
Name: Richard F. Lark, Jr.
Title: Executive Vice President Finance, Chief Financial Officer |
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 a ctually 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.