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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
GOL Reinforces its Strategy of Adjusting Domestic Capacity in 3Q12
Total Cash came to R$1.9 billion, equivalent to 22.9% of LTM Net Revenue

SAO PAULO, Nov. 13, 2012 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A.,"GLAI", (BM&FBovespa: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B+, Moody's: B3), the largest low-cost and low-fare airline in Latin America, announces today its results for the third quarter of 2012 (3Q12).

Passenger revenue per available seat kilometer (PRASK) increased by 3.4% year over year, reflecting the strategy of reducing capacity and maximizing the aircraft load factor, which increased  by 2.4 p.p. over 3Q11.

GOL continued to implement its strategy of adjusting domestic supply, posting a reduction of 8.4% in the third quarter, considering the traffic data of both GOL and Webjet (pro-forma).

Salaries, Wages and Benefits per ASK per ASK fell by 2.4% year over year, as a result of the Company's efforts.

In July, GOL announced changes in its international route network, introducing new direct flights from Sao Paulo/Guarulhos to Montevideu (Uruguay), Asuncion (Paraguay) and Santa Cruz de La Sierra (Bolivia).  

To access the document full version, visit our website at www.voegol.com.br/ir.

CONTACTS

INVESTOR RELATIONS
Edmar Lopes - CFO
André Brandi - Planning and IR Manager
Gustavo Mendes - Investor Relations
Phone: (11) 2128-4700

E-mail: ri@golnaweb.com.br
Website: www.voegol.com.br/ri
Twitter: @GOLinvest

CORPORATE COMMUNICATIONS
Phone: (11) 2128-4413
E-mail: comcorp@golnaweb.com.br
Twitter: @GOLcomunicacao

MEDIA RELATIONS
Edelman (USA and Europe): Meaghan Smith and Robby Corrado
Phone: +1 (212) 704-8196 / 704-4484
E-mail: meaghan.smith@edelman.com or robert.corrado@edelman.com

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 810 daily flights to 62 destinations in 9 countries in South America and the Caribbean under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type.

SOURCE GOL Linhas Aereas Inteligentes S.A.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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