Gol Linhas' (GOL) Q4 Unit Revenue & Cost Guidance Upbeat
Zacks Investment Research | Jan 08, 2020 10:10PM ET
Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) provided an update on fourth-quarter 2019 performance.
The company expects earnings per share to have been 30 cents in the fourth quarter, in line with the Zacks Consensus Estimate. Additionally, EBITDA margin is anticipated to have been 37-39% in the quarter compared with 16.3% reported in the fourth quarter of 2018. Also, the company predicts EBIT margin to have been 26-27% in the to-be-reported quarter.
With revenue passenger kilometers (RPK or total demand) estimated to have risen 6% on the back of strong demand for Gol Linhas’ services, passenger revenue per available seat kilometers is likely to have augmented approximately 11%, per the company. Additionally, revenue per available seat kilometers is predicted to have ascended 11% year over year in the fourth quarter. While available seat kilometers (ASK or capacity) are expected to have climbed 6%, total capacity (seats) is expected to have increased 9% in the fourth quarter.
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