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
, 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
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
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!