After GOL announced positive preliminary financial results for the 4th quarter of 2019, on the morning of this Wednesday (08/01), the airline's shares soared on the Brazilian Stock Exchange (Bovespa).
Shortly after the market opening, GOL's shares reached R$35,58, an increase of more than 3% compared to the market opening value.
The company stated that in 4Q19 it recorded an increase in revenues and a decrease in costs in the year-on-year comparison.
The company also expects an increase of approximately 11% for unit revenue (Rask) in the last quarter of 2019.
Gol calculates that the Ebitda margin in the last quarter of last year was between 37% and 39%, in data excluding non-recurring expenses of approximately 209 million reais in the period. A year earlier, this percentage stood at 16,3%, in numbers adjusted in accordance with IFRS 16, unaudited.
The Ebit margin is calculated in the range of 26% to 27%.
traffic in december
The company's supply (ASK) grew by 3,1% in December, while demand (RPK) grew by just 1,1%. The number of seats increased by 8,2%, with the number of engers transported growing by 6,5% and the number of departures increasing by 7,3%.
The occupancy rate dropped 1,6 pp to 82,0% in general data, and was 83,0% in the Brazilian domestic market.
See more data in the table below:
