Gol is lowering its full-year earnings per share and revenue forecasts following a plunge in December load factor. The Brazilian LCC now predicts revenues of BRL3.85 billion ($1.79 billion) rather than BRL3.9 billion and EPS of BRL3.15-3.30 rather than BRL3.40-3.65. It flew 1.53 billion RPKs in December, up 48.4% from the year-ago month, but capacity soared 65.4% to 2.26 billion ASKs, dropping load factor 7.8 points to 67.4%.
Subscribe to Access this Entire Article
"Gol lowers full-year forecast following difficult December" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
