Courtesy of Benzinga.
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) discloses its 2012 guidance, which will be revised on a quarterly basis to incorporate any developments in its operating and financial performance, as well as any changes in interest and FX rates, WTI and Brent oil prices, and GDP trends.
GOL expects the industry’s domestic air traffic demand to increase by between 7% and 10%, reflecting economic growth and an upturn in demand for national flights, with an estimated elasticity of between 2.5 and 3.0 times Brazilian GDP.
GOL plans domestic supply growth (in ASKs) of between 0% and 2%, giving a load factor of between 71% and 75%.
Yields are expected to remain on their progressive recovery trajectory thanks to the prudent initiatives of the Company and the industry in regard to future capacity
GOL estimates WTI and Brent crude prices of US$110.4 and US$120.4 per barrel, respectively, based on EIA* figures.
The Company’s fleet plan for 2012 and the coming years is currently being revised in order to include the renewal of Webjet’s fleet and will be announced to the market as soon as it has been defined.
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