January 8, 2020 / 12:01 PM / 19 days ago

Brazil's Gol expects higher fourth quarter revenue per passenger, lower costs: filing

FILE PHOTO: The logo of Brazilian airline Gol Linhas Aereas Inteligentes SA is seen inside an airplane at Augusto Severo International Airport in Natal, Brazil November 23, 2018. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Brazil’s largest airline Gol Linhas Aereas Inteligentes (GOLL4.SA) expects to post higher revenue per passenger and lower costs for the fourth quarter of 2019, a securities filing showed on Wednesday.

Gol expects its passenger unit revenue to grow by 11% from a year earlier and its non-fuel unit costs and fuel unit costs to decrease by 10% and 21%, respectively, it said.

Still, it said its earnings per share excluding currency effects are expected to fall to 0.6 reais from 0.73 reais a year earlier.

Reporting by Carolina Mandl; editing by Jason Neely

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