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GOL Posts USD50 Million 3Q Profit (again!)  
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 49
Posted (8 years 10 months 2 weeks 6 days 14 hours ago) and read 2818 times:

Third Quarter (3Q) 2005 Facts and Figures:

Brazil's LCC GOL officially announced profits of R$114 million (USD50 million) for the 3rd Quarter 2005, despite high oil prices. It represents an increase of 32% compared to 2004 profits. [net revenues of R$697 million].

GOL has a market share of 29% in the Brazilian domestic market, second only to TAM. RG is third. Load factor was 74%, 3.5% higher than 2004.

GOL has also started 38 new daily flights, including FLN-EZE and POA-EZE, and two new domestic destinations: Boa Vista and Campina Grande.

Average air ticket price dropped 12% if compared to 2004. GOL's second international destination, VVI, will be served from 7 November. MVD and ASU will be the next international destinations.

GOL's ADR traded at NYSE are operating 1.76% up. Net earnings per share increased 71%!!

On time arrivals averaged 93% during the quarter.

GOL's website accounted for 81% of all tickets sales in the quarter.

In the 3Q GOL also closed a partnership with CM and now codeshares to PTY and onwards. GOL is also in negotiations with AF and DL for connections in GIG, and is seen as a potential member of SkyTeam.

4 B737s were added in the quarter, totaling 38 aircfraft; GOL operates 400 daily flights. GOL has firm orders of 60 B737-800s and 41 B737-800s purchase options.

GOL plans to double its fleet to 86 aircraft until 2010.

GOL will also launch a LCC in Mexico, with its hub in CUN. The new Mexican airline will be a partnership between GOL and Fernando Chico Pardo - a group of investors.

In the quarter GOL was also awarded the title of Best Financially Managed Company in Brazil - by Isto E Magazine/Deloite Touche. If the number continue for the final quarter 2005, GOL will be the most profitable airline in the world for the second year in a row.

GOL CEO, Contantino Jr



Congratulations to GOL and all those who bought shares in their IPO!  Smile

Rgs,

18 replies: All unread, jump to last
 
User currently offlineGARPD From UK - Scotland, joined Aug 2005, 2654 posts, RR: 4
Reply 1, posted (8 years 10 months 2 weeks 6 days 14 hours ago) and read 2797 times:

Excellent news.
I hear nothing but good vibes from GOL.
Surely a well deserved and hard won profit.



arpdesign.wordpress.com
User currently offlineLipeGIG From Brazil, joined May 2005, 11438 posts, RR: 58
Reply 2, posted (8 years 10 months 2 weeks 6 days 11 hours ago) and read 2753 times:
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FORUM MODERATOR

Quoting Hardiwv (Thread starter):

Hardi, thanks for the news.

Interesting that all indicators shows HUGE improvements. Planes are used on an average 14 hours per day, per seat amouts for leasing, fuel, employees, all presents major drops of at least 7% over 2004.
Maintenance will also face drops as Gol has just start using their own MHRO facility, built on CNF Airport (General Mines state).

Gol keep improving their cash on hand (now more than US$ 400 mm) and we could expect more options to be converted into firm orders on the next 2 months.

At this time, GOL ADR is up 7% over yesterday price!

Gol is really amazing !

Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineFMAL From Brazil, joined Jan 2004, 486 posts, RR: 1
Reply 3, posted (8 years 10 months 2 weeks 6 days 10 hours ago) and read 2737 times:

Quoting LipeGIG (Reply 2):
General Mines state)

Meu Deus......no need to translate the state name dude. Minas Gerais is Minas Gerais and that's it....General Mines sounds weird.

Anyway, one hears nothing but good things coming from Gol.

In Brazil, we had TAM as an example of a well run airline. I think its safe to say that Gol has long taken TAM's place as a model of efficiency, as it stands year in and year out as one of the best performing Brazilian companies on all economic segments.


User currently offlinePPVRA From Brazil, joined Nov 2004, 8964 posts, RR: 39
Reply 4, posted (8 years 10 months 2 weeks 6 days 9 hours ago) and read 2729 times:

Hey Felipe, I hope you had a nice flight yesterday! Was very nice meeting you, even if for only 30 minutes or so!

Thanks for the numbers on GOL, BTW. They really are an impresive airline.

Cheers



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineLipeGIG From Brazil, joined May 2005, 11438 posts, RR: 58
Reply 5, posted (8 years 10 months 2 weeks 6 days 9 hours ago) and read 2718 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting FMAL (Reply 3):
Meu Deus......no need to translate the state name dude. Minas Gerais is Minas Gerais and that's it....General Mines sounds weird

You're right. I'm sorry !

Quoting FMAL (Reply 3):
In Brazil, we had TAM as an example of a well run airline. I think its safe to say that Gol has long taken TAM's place as a model of efficiency, as it stands year in and year out as one of the best performing Brazilian companies on all economic segments.

And in two or three years we will see Gol as the number 1 in domestic IMO. Tam will be looking for new international routes as well as trying to find and wait for F100 replacements while Gol keep with a strong and ready to do plan.

Quoting PPVRA (Reply 4):
Hey Felipe, I hope you had a nice flight yesterday! Was very nice meeting you, even if for only 30 minutes or so!

I say the same. Thanks for your patience even when the hotel shuttle does not works! Probably i will come back to ATL later this month. I will handle some business meetings in Chicago and probably come thru Delta main hub again. Wish to spend a day in Atlanta.

Regards,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 49
Reply 6, posted (8 years 10 months 2 weeks 6 days 7 hours ago) and read 2689 times:

Quoting FMAL (Reply 3):
I think its safe to say that Gol has long taken TAM's place as a model of efficiency, as it stands year in and year out as one of the best performing Brazilian companies

Agree; TAM is being left behind by GOL's amazing performance. GOL has become a model of airline.

Quoting LipeGIG (Reply 5):
And in two or three years we will see Gol as the number 1 in domestic IMO.

In my opinion until 2010 GOL will become Brazil's no. 1 domestic airline. And if TAM does not move faster, GOL will soon eat some of its international marke share, especially in the deep South American market.

GOL has a "proactive" management style, while TAM continues with its stuborn policy of "wait and see", or we only fly "lucrative routes"...[EZE was not lucrative for GOL when it started, now EZE is a cash machine! You have to invest in a route first before getting the befits].

Rgs,


User currently offlineFMAL From Brazil, joined Jan 2004, 486 posts, RR: 1
Reply 7, posted (8 years 10 months 2 weeks 6 days 7 hours ago) and read 2679 times:

Quoting LipeGIG (Reply 5):
Tam will be looking for new international routes as well as trying to find and wait for F100 replacements while Gol keep with a strong and ready to do plan.

We see Gol expanding international routes as well, so look for them in the international scene also.

A friend of mine is very close to getting into Gol. He should, amazing talent as a pilot and great knowledge of the aircraft and how the operations of an airline goes. If Gol indeed hires him, it will be, at least to me, another example of their professionalism and great future.


User currently offlineGlareskin From Netherlands, joined Jun 2005, 1305 posts, RR: 1
Reply 8, posted (8 years 10 months 2 weeks 6 days 7 hours ago) and read 2665 times:

Quoting Hardiwv (Reply 6):
GOL has a "proactive" management style, while TAM continues with its stuborn policy of "wait and see"

I'm sorry but I have to disagree here. Of course GOL is newer, smaller, leaner and meaner but TAM is still actively building on it's network. As I see it TAM is ready to take over some traffic on lucrative int'l routes where VARIG has a monopoly (as Brazilian carrier) for now. Maybe they will partner with VS or join One World. Plenty of improvement to be expected from TAM.

And for your domestic market: compare RG with TAM anytime and you'll know... VARIG will lose this battle!



There's still a long way to go before all the alliances deserve a star...
User currently offlineLooneyToon From United States of America, joined Mar 2005, 444 posts, RR: 1
Reply 9, posted (8 years 10 months 2 weeks 6 days 7 hours ago) and read 2661 times:

Is there any news on when GOL is planning to start ASU?


LooneyToon
User currently offlineFMAL From Brazil, joined Jan 2004, 486 posts, RR: 1
Reply 10, posted (8 years 10 months 2 weeks 6 days 6 hours ago) and read 2655 times:

Quoting Glareskin (Reply 8):
And for your domestic market: compare RG with TAM anytime and you'll know... VARIG will lose this battle!

Faith would have me believe that Varig can turn things around with the new ownership structure and new corporate policy, but unfortunately I think I'll have to agree with you.

I'm a Varig fan you see..........on my constant business travels, I chose to travel Varig simply to give them money, to try and do my part to help them out.


User currently offlinePPVRA From Brazil, joined Nov 2004, 8964 posts, RR: 39
Reply 11, posted (8 years 10 months 2 weeks 6 days 6 hours ago) and read 2652 times:

Quoting Glareskin (Reply 8):

And for your domestic market: compare RG with TAM anytime and you'll know... VARIG will lose this battle!

Once they get the cash to improve their aircraft interiors, I doubt very much what you are saying.

Cheers



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineGlareskin From Netherlands, joined Jun 2005, 1305 posts, RR: 1
Reply 12, posted (8 years 10 months 2 weeks 6 days 6 hours ago) and read 2648 times:

Quoting PPVRA (Reply 11):
I doubt very much what you are saying

I hope you are right. Both for Varig and TAP......  crossfingers 



There's still a long way to go before all the alliances deserve a star...
User currently offlineLipeGIG From Brazil, joined May 2005, 11438 posts, RR: 58
Reply 13, posted (8 years 10 months 2 weeks 6 days 6 hours ago) and read 2647 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting LooneyToon (Reply 9):
Is there any news on when GOL is planning to start ASU?

LooneyToon, december, but a start date was not given yet. It depends on a new 733 aircraft arrival and final approval from CERNAI is pending. CERNAI is the Brazilian Department which grants international routes.

Quoting PPVRA (Reply 11):
Once they get the cash to improve their aircraft interiors, I doubt very much what you are saying.

Agree and wish to see RG planes all around the skies for a long time. Probably RG will be the only premium domestic service in the near future as Tam nowadays is closer to Gol.

Quoting FMAL (Reply 10):
I'm a Varig fan you see..........on my constant business travels, I chose to travel Varig simply to give them money, to try and do my part to help them out.

I try to do the same but they nowadays do not keep so many options (as well as they don't fly GIG-CGH). I will fly soon GIG-CNF-GIG and GIG-BSB-GIG thru RG planes. At GIG JJ keeps a very weak presence.

Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 49
Reply 14, posted (8 years 10 months 2 weeks 6 days 5 hours ago) and read 2632 times:

Quoting LipeGIG (Reply 13):
Probably RG will be the only premium domestic service in the near future as Tam nowadays is closer to Gol.

I was in Brazil in October and flew TAM domestic a couple of routes (GIG-GRU/CGH-BSB/BSB-CGH-IOS/IOS-SSA-GIG), and my conclusion is that TAM onboard service has done down and I would rate it as "average" or even "poor". Very uninspired and repetitive meals; horrible and very simple and distastefull sandwiches. In addition, no separate biz class on domestic route. Only TAM's crew keeps impecable and efficeint, otherwise TAM is looking like a LCC. Agree that RG is the only premium airline in Brazil.

Rgs,


User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 15, posted (8 years 10 months 2 weeks 6 days 4 hours ago) and read 2616 times:

Congratulations to GOL, 'again'. Keep up the good work. Can't wait to see them in Mexico.


saludos


User currently offlineGlareskin From Netherlands, joined Jun 2005, 1305 posts, RR: 1
Reply 16, posted (8 years 10 months 2 weeks 6 days 4 hours ago) and read 2618 times:

Quoting Hardiwv (Reply 14):
I was in Brazil in October and flew TAM domestic a couple of routes (GIG-GRU/CGH-BSB/BSB-CGH-IOS/IOS-SSA-GIG), and my conclusion is that TAM onboard service has done down

This is surprising. Sofar my experiences are opposite of yours. BTW, my Brazilian business partners even have a stronger aversion to RG, due to their poor service. And it is not only about flights. Just compare the lines at CGH. The handling with TAM is just smoother. But for you: next time you will fly RG for domestic flights?



There's still a long way to go before all the alliances deserve a star...
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 49
Reply 17, posted (8 years 10 months 2 weeks 5 days 18 hours ago) and read 2568 times:

Quoting Glareskin (Reply 16):
And it is not only about flights. Just compare the lines at CGH

I have to agree that, on average, TAM performs better than RG on the air shuttle CGH-SDU, including on-board service.

The point is that RG's domestic service and international service are a world apart. RG domestic is a top product, while RG international is poor. In the case of TAM I think it is right the opposite: domestic they are "average" (except for the CGH-SDU shuttle which they do offer a very good product), but for international flights TAM is a top quality airline. Also, RG operates many domestic routes with widebodies, e.g. GIG-BSB with the B777.

Quoting LooneyToon (Reply 9):
Is there any news on when GOL is planning to start ASU?

I think you can expect flights to start in January/06.

Rgs,


User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 49
Reply 18, posted (8 years 10 months 2 weeks 5 hours ago) and read 2535 times:

Today GOL officially started its second international destination: VVI (CGR-VVI daily) and by the end of the year MVD and ASU will also be operational. GOL's growth (and continued profits!) is just amazing.

Rgs,


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