PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
Jd. Aeroporto
04630-000 São Paulo, São Paulo
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
SÃO PAULO, FEBRUARY 23, 2012– GOL Linhas Aéreas Inteligentes S.A. (BMF&BOVESPA: GOLL4 and NYSE: GOL),(S&P/Fitch: BB-/BB-,Moody’s: B1), the largest low-cost and low-fare airline in Latin America, hereby 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. The estimates below refer to GOL and Webjet’s consolidated figures:
|
2012 Guidance |
Scenario | |
|
Min. |
Max. | |
|
Brazilian GDP Growth |
3.0% |
4.0% |
|
Domestic Demand Growth (RPK - %) |
7.0% |
10.0% |
|
Domestic Load Factor |
71% |
75% |
|
Passengers Transported (million) |
42 |
45 |
|
Domestic Capacity (Supply) (billion ASK) |
50.2 |
51.2 |
|
RPK - System (billion) |
39.0 |
41.5 |
|
Departures (‘000) |
363.0 |
370.3 |
|
CASK Ex-Fuel (R$ cents) |
9.0 |
9.6 |
|
Fuel Consumption (billion liters) |
1.70 |
1.73 |
|
Average Exchange Rate(R$/US$) |
1.75 |
1.80 |
|
Operating Margin (EBIT) |
4.0% |
7.0% |
AVIATION MARKET
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.
FLEET AND FUEL
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.
*EIA: Energy Information Administration
ABOUT GOL LINHAS AÉREAS INTELIGENTES S.A.
u GOL Linhas Aéreas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 940 daily flights to 63 destinations in Brazil and 13 in South America and the Caribbean under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type. It also offers its clients a further 12 Brazilian destinations through agreements with local regional airlines. In addition, the SMILES loyalty program, the biggest in Brazil, allows members to accumulate miles and redeem tickets to more than 560 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 1800 cities in Brazil and eight abroad. With its portfolio of innovative products and services, GOL Linhas Aéreas Inteligentes offers the best cost-benefit ratio in the market.
ABOUT WEBJET LINHAS AÉREAS S.A.
u Webjet Linhas Aéreas S.A., controlled by VRG Linhas Aéreas S.A., offers around 155 daily flights to 18 Brazilian destinations, using a fleet of Boeing 737-300 and 737-800 Next Generation aircraft. In July 2011, GOL announced the acquisition of Webjet. The companies are continuing to operate separately while awaiting the approval of CADE, Brazil’s anti-trust authority.
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This notice contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to GOL’s growth prospects. These are merely projections and, as such, are based exclusively on the expectations of GOL’s management. Such forward-looking statements depend substantially on external factors, in addition to the risks disclosed in GOL’s filed disclosure documents and are, therefore, subject to change without prior notice. |
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CONTACTS uLeonardo Pereira uEdmar Lopes uGustavo Mendes uRicardo Rocca | |
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INVESTOR RELATIONS |
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GOL LINHAS AÉREAS INTELIGENTES S.A. | ||
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By: |
/S/ Leonardo Porciúncula Gomes Pereira | |
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Name: Leonardo Porciúncula Gomes Pereira
Title: Executive Vice-President and Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.