GOL Airlines reports BRL 3.1bn in Q2 2019 net revenue

Brazilian domestic airline GOL Linhas Aéreas Inteligentes S.A. has reported second quarter 2019 net revenue of BRL 3.1 billion, an increase of 33.4% compared to the second quarter 2018, the company said.

Net operating revenue per available seat kilometer (RASK) was BRL 0.2763 in the second quarter 2019, an increase of 25.3% over the second quarter 2018. The increase in unit cost drove approximately 90% of the variation in unit revenue, in addition to higher demand compared to the second quarter 2018, a period in which there was a reduction in demand due to a nationwide truck drivers´ strike.

Net passenger revenue per available seat kilometer (PRASK) increased 29.5% over the second quarter 2018, reaching BRL 0.26. GOL´s 2019 net revenue guidance is approximately BRL 13.5 billion.

Revenue per passenger kilometer (RPK) increased 11.7% totaling BRL 9.3 billion in the second quarter 2019, driven by 8.9% growth in the number of transported passengers, while available seat kilometer (ASK) growth was 6.5%.

GOL Linhas Aéreas Inteligentes S.A. is Brazil´s premier airline group with three main businesses: passenger transportation, cargo transportation and coalition loyalty program.