SAO PAULO, Brazil, March 28 /PRNewswire-FirstCall/ -- GOL Linhas Aereas
Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), the parent company of GOL
Transportes Aereos S.A. and VRG Linhas Aereas S.A., provides its investor
update.
General Guidance
General Comments 1Q08E:
-- Brazilian domestic demand growth at 2.1x GDP
-- Brazilian 1Q08e GDP Growth at 4.6% (1)(3)
-- Brazilian 1Q08e Domestic RPK Growth at 9.5% (1)(4)
Industry Metrics 4T07A 1Q08E
(+/-) (+/-)
Brazilian GDP Growth (%) 6.2 (3) 4.6 (1)(6)
Domestic RPK Growth (%) 16.0 (2)(4) 9.5 (1)(7)
Brazilian Inflation (%, IPCA) 5.7 (3) 5.1 (6)
BRL / USD (R$, average) 1.79 (3) 1.74 (6)
WTI (US$, average) 90 (5) 98 (8)
(1) 1Q08 vs. 1Q07
(2) 4Q07 vs. 4Q06
(3) Source: Brazilian Central Bank
(4) Source: ANAC
(5) Source: Bloomberg
(6) Source: MCM Consultores
(7) Source: GOL
(8) Source: Bank Analyst Projections
1T08E
General Comments:
-- Average fuel price/liter: R$ 1.81
-- Average Fare: R$ 236
-- CASK: R$14.7e cents
-- RASK: R$14.5e cents
Consolidated 4Q07A 1Q08G 1Q08E 1Q07A
(+/-) (+/-) (+/-) (+/-)
ASK Growth 60% 65% 57% 62%
Load Factor 68% 67-69% 62-63% 70%
Yield (cents) R$21 R$21 R$21 R$20
Cask ex-fuel (cents) R$ 10.1 R$ 8.5 R$ 8.5 R$ 7.9
ASKs by Aircraft Type
1Q08
(quarter average)
B737 B767
Available Seat Kilometers
(ASK) - as a percentage of 86% 14%
total ASKs (%)
Aircraft Delivery Schedule
B737-800 SFP firm Committed Financing
Mortgage(Exim) Sale/Leaseback
1Q08 1 0
2008E 5 4
Fuel Hedges
1Q08
Estimated Fuel Liters Consumed (mm) 376
Estimated Fuel Price per Liter (R$) 1.81
Liters (% of estimated consumption) 226 million (60%)
HO and WTI with average price
of US$90/bbl
Operating Margin
(Estimated EBIT margin, US GAAP)
1Q08
Estimated Operating Margin (%) -2 - 0%
Income Before Income Taxes
(Estimated EBT Margin, US GAAP)
1Q08
Estimated Pre-Tax Margin (%) 1 - 3%
SOURCE GOL Linhas Aereas Inteligentes S.A.
Media: Brazil & Latin America, +5511-3169-6967, comcorp@golnaweb.com.br;
Media: U.S. & Europe, G. Juncadella, +1-212-704-4448,
gabriela.juncadella@edelman.com, or M. Smith, +1-212-704-8196,
meaghan.smith@edelman.com, both of Edelman for GOL Linhas Aereas Inteligentes
S.A.; Investor Relations, +5511-3169-6800, ri@golnaweb.com.br
