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GOL Posts USD 50 Million 1Q Profit  
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Posted (9 years 2 months 3 weeks 4 days 6 hours ago) and read 3749 times:

Brazil's LCC GOL announced today USD 49.1 million profit for the First Quarter 2005 (Jan-Mar/05), an increase of 45% based on 2004 results. [TAM Brazil posted USD 20 million profit for the same period]

This week GOL also has overtaken VARIG as Brazil's no. 2 airline, with 28% market share, against VARIG's 27%:

GOL Overcomes RG In Brazil's Market Share (by Hardiwv May 6 2005 in Civil Aviation)

In the First Quarter GOL received three new aircraft B737-700/800s. Load factor was 73.5%, RPK increased 30%, while yields continue strong and increased 5%. [this shows that GOL is not an airline for fare-conscious pax only; about 30% of its pax base are high-yield business and corporate clients].

GOL operates more than 300 take-offs and landings daily and has the biggest fleet of 737NG in Latin America.

Until December/05 GOL will take delivery of an additional 10 B737NGs. This month GOL also received approval to further expand its network: the airine will add 62 new flights, including 12 additional SDU-CGH shuttle flights.

In 2005 GOL will start international flight to VVI, MVD and ASU.

Full statistics and results are posted on GOL's corporate webpage, under "News":

http://www.mz-ir.com/gol/


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[Edited 2005-05-10 15:31:54]

35 replies: All unread, showing first 25:
 
User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 12
Reply 1, posted (9 years 2 months 3 weeks 4 days 5 hours ago) and read 3714 times:

great new, unfortunately, GOL´s stocks aren´t sp good today, bad luck me.

Anyway, they have 40% increase in the last 12months, wich is quite amazing for a company in the aviation industry.

GOl will launch more stocks at Bovespa, and they hope to raise USD450-600milion, so that way they can afford expansion plans and new aircraft.

Way to go GOL,



Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 2, posted (9 years 2 months 3 weeks 4 days 4 hours ago) and read 3697 times:

Quoting Erikwilliam (Reply 1):
they have 40% increase in the last 12months

And expect another 40-50% for 2005!

Rgs,


User currently offlinePPVRA From Brazil, joined Nov 2004, 8944 posts, RR: 40
Reply 3, posted (9 years 2 months 3 weeks 4 days 2 hours ago) and read 3691 times:

That's over 100% of what TAM made in the same time... these guys are unbelievable!!

PPVRA



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlinePU752 From Uruguay, joined Mar 2005, 584 posts, RR: 1
Reply 4, posted (9 years 2 months 3 weeks 4 days 2 hours ago) and read 3691 times:

Quoting Hardiwv (Thread starter):
2005 GOL will start international flight to VVI, MVD and ASU.

I guess this will be a waste of time and money for GOL to start flying these destinations, basically, because ASU, theres not much traffic, MVD due to competition with up to 6 (RG,PU,UE,AR) daily flights between Uruguay and Brasil and theres not much traffic for more flights, and VVI I guess could work better, at least better than ASU and MVD. Will GOL fly daily to these destinations? what routes?


User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 12
Reply 5, posted (9 years 2 months 3 weeks 4 days 2 hours ago) and read 3675 times:

The flight to ASU, will probably be from CGH-FOZ-ASU, as yelds CGH-FOZ are great, and FOZ-ASU is really good.

Make no mistake, GOL is like JetBlue, they only step ground where they really know what´s going on, that´s why, they´re making so many profit.

PPVRA: Natura and some other companies did better than this for a period of 15-30 months.

The only reason GOL stock is doing so great, is because they give people a option to fly, my dad has been living in MCZ for 7 years now, and he only did with RG and JJ, two times a month, he´s Gold Star and Red Fidelidade, now, he´s only Flying GOL. Too bad they still don´t have a FF program.



Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
User currently offlineSBRFtoEHAM From Brazil, joined May 2005, 26 posts, RR: 0
Reply 6, posted (9 years 2 months 3 weeks 4 days 2 hours ago) and read 3666 times:

According to the news, flights to VVI will start next month, departing from CGR.

http://noticias.uol.com.br/ultnot/2005/05/10/ult29u40638.jhtm

Another source states that the other two flights will be something like:

POA-MVD
CWB-ASU

http://jc.uol.com.br/2005/05/10/not_88755.php

Sorry about the links only in Portuguese.

Regards



REC,AMS and a few others...
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 7, posted (9 years 2 months 3 weeks 3 days 23 hours ago) and read 3637 times:

Quoting PU752 (Reply 4):
Will GOL fly daily to these destinations? what routes?

Yes, GOL will start flights to VVI, ASU and MVD daily.

Quoting PU752 (Reply 4):
I guess this will be a waste of time and money for GOL to start flying these destinations

You can be sure of one thing: whatever destination GOL flies they do make a profit, a substantial profit.

Look at the case of EZE, which GOL started last December. Everybody said GOL would not manage it, because there were a MULTITUDE of daily flights (JJ, RG, AR, BA, LH: about 80 to 100 weekly flights!). What happened? GOL is making a huge profit in EZE, with loads about 75%, and 80% of tickets sold to Argentiniands, 90% of tickets sold online (i.e. zero commission!). GOL started making profits to EZE already in the 2nd month of operations...expect the same for VVI, MVD and ASU...and many, many more to come...

Quoting SBRFtoEHAM (Reply 6):
According to the news, flights to VVI will start next month, departing from CGR.



Quoting SBRFtoEHAM (Reply 6):
Another source states that the other two flights will be something like:

POA-MVD
CWB-ASU

Very interesting information. Thanks!

Rgs,


User currently offlineMAH4546 From Sweden, joined Jan 2001, 32627 posts, RR: 72
Reply 8, posted (9 years 2 months 3 weeks 3 days 23 hours ago) and read 3626 times:

I wonder if they will ever expand to Miami. Those 73Gs will have no problem making it from Manaus and Belem.


a.
User currently offlineSHUPirate1 From United States of America, joined Sep 2003, 3670 posts, RR: 17
Reply 9, posted (9 years 2 months 3 weeks 3 days 22 hours ago) and read 3618 times:

GOL is making this much of a profit despite the fact that NOBODY has ANY clue what their route structure looks like, other than the fact that you have to connect four times to get further than your own house! (I know, that's a VERY small exaggeration)


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 10, posted (9 years 2 months 3 weeks 3 days 22 hours ago) and read 3615 times:

Quoting MAH4546 (Reply 8):
I wonder if they will ever expand to Miami.

Why do you think GOL's latest additions have winglets? I'm sure they are planning to fly further away, and MIA would come top on the list. MAO-MIA would just be perfect market.


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Rgs,


User currently offlineLipeGIG From Brazil, joined May 2005, 11421 posts, RR: 58
Reply 11, posted (9 years 2 months 3 weeks 3 days 20 hours ago) and read 3605 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Hardiwv (Reply 7):
Look at the case of EZE, which GOL started last December. Everybody said GOL would not manage it, because there were a MULTITUDE of daily flights (JJ, RG, AR, BA, LH: about 80 to 100 weekly flights!). What happened? GOL is making a huge profit in EZE, with loads about 75%, and 80% of tickets sold to Argentiniands, 90% of tickets sold online (i.e. zero commission!). GOL started making profits to EZE already in the 2nd month of operations...expect the same for VVI, MVD and ASU...and many, many more to come...

Hardi, fantastic. Gol is also a case of marketing because many people travell
thinking they have the best price!
a little correction:
The press release stats that they make profit in Brazil-EZE flights in the first month (not second), and that 70% of tickets sold to Argentinians.
And some add info:
Break-even (in terms of load factor): 51.3%
Net cash: BRL 646,3 mm (98 days of revenues)

Quoting SHUPirate1 (Reply 9):
GOL is making this much of a profit despite the fact that NOBODY has ANY clue what their route structure looks like, other than the fact that you have to connect four times to get further than your own house! (I know, that's a VERY small exaggeration)

Right. But's only for low demand destinations. At CGH-SDU, CGH-CNF, GIG-CNF, CGH-BSB, CGH-CWB, GIG-BSB, they have a strong structure and several non stop flights. In fact Brazil's market is strong in the southeast and south. In the weekend they reduce flights (for example CGH-SDU feels from 24 to 14 flights in the weekend) and reforce flights to the Northeast and Charter flights.

Regards,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 12, posted (9 years 2 months 3 weeks 3 days 12 hours ago) and read 3569 times:

Quoting LipeGIG (Reply 11):
The press release stats that they make profit in Brazil-EZE flights in the first month (not second), and that 70% of tickets sold to Argentinians.
And some add info:
Break-even (in terms of load factor): 51.3%
Net cash: BRL 646,3 mm (98 days of revenues)

Felipe: thanks for the additional information/corrections!

Here is a link:

http://news.airwise.com/story/view/1115763990.html

Rgs,

[Edited 2005-05-11 09:40:49]

User currently offlineLipeGIG From Brazil, joined May 2005, 11421 posts, RR: 58
Reply 13, posted (9 years 2 months 3 weeks 3 days 2 hours ago) and read 3554 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Hardiwv (Reply 12):
Here is a link:

http://news.airwise.com/story/view/1....html

Thanks. I didn't know that site. Interesting.

The link i used is the investor relations at www.voegol.com.br (in Portuguese)

http://www.b2i.us/Profiles/Investor/...=13238&myID=2376&Validate=3&L=e&I=

Seems that only available in Portuguese and the US GAAP version is not so
complete.

Anyway, fantastic numbers for just 30 aircrafts ! Imagine with their own MR&O facility (at CNF) and with own planes !

Regards,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 14, posted (9 years 2 months 3 weeks 3 days 2 hours ago) and read 3548 times:

Quoting LipeGIG (Reply 13):
Imagine with their own MR&O facility (at CNF)

More details about GOL's MR&O facility to be built in CNF? Why CNF and not a location in Sao Paulo?

Tks,


User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 12
Reply 15, posted (9 years 2 months 3 weeks 3 days ago) and read 3534 times:

Quoting Hardiwv (Reply 14):
More details about GOL's MR&O facility to be built in CNF? Why CNF and not a location in Sao Paulo?

It´s cheaper there, and there´s incentives to build there, as the government likes people that build things around exporting airports, such as MAO, CNF, and VCP.

Also, not enough room in GRU, none in CGH.



Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
User currently offlineLipeGIG From Brazil, joined May 2005, 11421 posts, RR: 58
Reply 16, posted (9 years 2 months 3 weeks 2 days 19 hours ago) and read 3502 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Erikwilliam (Reply 15):
Quoting Hardiwv (Reply 14):
More details about GOL's MR&O facility to be built in CNF? Why CNF and not a location in Sao Paulo?

It´s cheaper there, and there´s incentives to build there, as the government likes people that build things around exporting airports, such as MAO, CNF, and VCP.

Also, not enough room in GRU, none in CGH.

Another reasons: CNF is considered the best located Brazilian airport in terms of weather (never closed), could support 24h operations (far from downtown), large area availability and as Erikwilliam states, the Minas Gerais state government and city of Lagoa Santa gives them a lot of incentives.

Regards,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineIncitatus From Brazil, joined Feb 2005, 4003 posts, RR: 13
Reply 17, posted (9 years 2 months 3 weeks 2 days 18 hours ago) and read 3493 times:

How long before GOL passes TAM and becomes the largest airline in Brazil - 18 months? If there is no credible new low cost competition, GOL is bound to take more than 50% of the domestic market.

Quoting MAH4546 (Reply 8):
I wonder if they will ever expand to Miami.

At one point all designations were taken by RG, JJ, VP and TR. VP and TR are gone, so GOL and BRA should be capable to request their spot.


User currently offlineLipeGIG From Brazil, joined May 2005, 11421 posts, RR: 58
Reply 18, posted (9 years 2 months 3 weeks 2 days 17 hours ago) and read 3489 times:
AIRLINERS.NET CREW
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Quoting Incitatus (Reply 17):
How long before GOL passes TAM and becomes the largest airline in Brazil - 18 months? If there is no credible new low cost competition, GOL is bound to take more than 50% of the domestic market.

Incitatus, due to the fact that they today have 30 aircrafts and represents less than 30% of the market, if TAM keeps it fleet and flight schedulle as of today, GOL only can passes TAM in the middle of 2007 (when they expect a fleet of up to 54 aircrafts)

Projections as per their 1Q Results Report (for the end of year):
2005 - 40 planes 2006 - 46 planes 2007 - 54 planes 2008 - 62 planes
2009 - 70 planes.

Note that GOL already keep a strong schedulle on southeast and south. New planes will probably take them to other cities far from São Paulo, Rio and Brasilia. They have a strong market share only because they keep several flights at CGH-SDU, CGH-CNF, CGH-BSB, CGH-CWB, GIG-CNF. Lots of flights & many pax. Let's see how they improve it's schedulle with the 62 already authorized flights by DAC (12 are CGH-SDU where a single plane can easily transport up to 1.728 pax a day)

Rgds,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 12
Reply 19, posted (9 years 2 months 3 weeks 2 days 8 hours ago) and read 3463 times:

Lipe really know his stuff.

Thx for the compliment and the complement to my post.

have a nice day.



Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
User currently offlineRichierich From United States of America, joined Nov 2000, 4242 posts, RR: 6
Reply 20, posted (9 years 2 months 3 weeks 2 days 4 hours ago) and read 3454 times:

"GOL posts..."

I like it! Congrats to GOL. They are really doing very well!



None shall pass!!!!
User currently offlinePPVRA From Brazil, joined Nov 2004, 8944 posts, RR: 40
Reply 21, posted (9 years 2 months 3 weeks 2 days 2 hours ago) and read 3448 times:

Quoting LipeGIG (Reply 13):
Anyway, fantastic numbers for just 30 aircrafts ! Imagine with their own MR&O facility (at CNF) and with own planes !

Just thought of it: that's over USD 1.6 million per plane!!

Very nice indeed, congrats to them!

PPVRA



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 22, posted (9 years 2 months 3 weeks 1 day 23 hours ago) and read 3442 times:

Quoting PPVRA (Reply 21):
Just thought of it: that's over USD 1.6 million per plane!!

GOL's results are AMAZING! Triple the amount of TAM's profit....

Rgs,


User currently offlineLipeGIG From Brazil, joined May 2005, 11421 posts, RR: 58
Reply 23, posted (9 years 2 months 3 weeks 1 day 19 hours ago) and read 3430 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Hardiwv (Reply 22):
Quoting PPVRA (Reply 21):
Just thought of it: that's over USD 1.6 million per plane!!

GOL's results are AMAZING! Triple the amount of TAM's profit....

Rgs,

Agree, Agree & Agree.
Imagine USD 1.6 mm = USD 6.4 mm a year... How much does it cust a new
737-800 ? 45 mm ? In seven years they can buy a NEW plane! They are financing the new planes thru Eximbank ... now I understood how they convert options at each 2/3 months!
A little joke....
GOL = "Grande Originadora de Lucros" in Portuguese, the same as Grand Profit Originator

Regards,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 12
Reply 24, posted (9 years 2 months 3 weeks 1 day 7 hours ago) and read 3411 times:

I really apreciate all of GOL job, they are doing great.
But the market has a limitation, unless they become the only player. I think GOL will grow strong for another 3-4 years, and then stay leveld. They are growing too fast, too hard, that can´t be forever. After a time, starts to get harder to get new places to fly, or places where they can offer such a new thing.
I don´t know, but that´s just me.

nice weekend U all.



Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
25 Hardiwv : If the Brazilian economy keeps growing at this pace, and its aviation industry is growing twice as much (note pax traffic increased more than 15% onl
26 N1120A : That is the amazing thing. A 51.3% BELF on a large jet???? GOL knows what they are doing.
27 Post contains images EMB195ER : Bom dia folks!!! Just would like to remind you, guys, that soon GOL will start facing some competition in the low cost sector. There are two new airli
28 Hardiwv : About BRA: any statements about this airline has to come with caveats since they are known in Brazil for bad management and poor product. I clearly do
29 Post contains images PPVRA : Yes, I hear they are looking for about 20 of them! Would be soooo nice to see these planes flying everyday into/out of CGH, can't wait!!!! Cheers, PP
30 Post contains images EMB195ER : Hard, JJ kept the same number of flights to LDB, that is, 3 daily flights doing the route CGH-LDB-CGR with A320, plus two daily flights (F100) doing L
31 Hardiwv : Good to hear positive remarks about BRA. But I know for sure that their management looks like "VP's Canhedo". After its network reduction, which dest
32 LipeGIG : Dear Hardi, It depends. Gol is bigger than JJ and RG at CWB. JJ and RG divides POA, JJ is bigger in FLS, RG is the king of IGU, NAV are divided into
33 Hardiwv : Felipe: thanks for the reply. Just one correction: RG is the king in NVT and JOI. They operate 4/5 daily B737s to these destinations, while G3 2 dail
34 LipeGIG : Hardi you're correct. Thanks ! RG2750 CGH-NAV 09:01 737-500 RG2754 CGH-NAV 13:46 737-300 RG2756 GRU-NAV 18:30 737-500 RG2758 CGH-NAV 21:36 737-500 I
35 Hardiwv : I think it allows for domestic connections to many RG flights to NE Brazil. But I must admit that RG's flight schedule NVT-GRU is horrible. Rgs,
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