GOL Announces Additional Information Regarding its Financial Estimates
The Company expects accelerated growth of the number of Smiles program participants, Buy on Board service and Ancillary Revenue for 2010 and 2011
SAO PAULO, March 30 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL; BM&FBOVESPA: GOLL4), the largest low-cost and low-fare airline in Latin America, announces additional information regarding its financial estimates for 2010 and 2011.
-- SMILES program clients: growth of its current client base of 6.7 million to 9.1 million participants by the end of 2010 (about a 35% increase compared to February 2010 and a 40% increase compared to the 6.5 million participants in December 2009).
-- Buy on Board expansion, additional board service offered by the Company since April 2009, from 42 daily flights to about 50% of its daily flights by the end of 2010.
-- Expansion of ancillary revenue to represent up to 20% of net revenue in 2011, considering its financial revenues, due to the expansion of the VoeFacil program, focus on cargo services (GOLLOG), Buy on Board, and other products to be launched by GOL and its commercial partners, which will explore its e-commerce platform.
About GOL Linhas Aereas Inteligentes S.A
GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), the largest low-cost and low-fare airline in Latin America, offers more than 860 daily flights to 50 destinations that connect all the important cities in Brazil and 11 major destinations in South America and the Caribbean. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. Fully committed to seeking innovative solutions through the use of cutting-edge technology, the Company -- via its GOL, VARIG, GOLLOG, SMILES and VOE FACIL brands -- offers its clients easy payment facilities, a wide range of complementary services and the best cost-benefit ratio in the market.
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL's management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOL's filed disclosure documents and are, therefore, subject to change without prior notice.
Contact
Investor Relations
Leonardo Pereira - Vice President / CFO
Rodrigo Alves - Head of IR
Raquel Kim - Investor Relations
Mario Liao - Investor Relations
Phone.: (55 11) 2128-4700
E-mail: [email protected]
Website: www.voegol.com.br/ir
Twitter: www.twitter.com/GOLinvest
Corporate Communications
Phone.: (55 11) 2128-4413
E-mail: [email protected]
Twitter: www.twitter.com/GOLcomunicacao
Media Relations
Edelman (USA and Europe):
M. Smith and N. Dean
Phone.: +1 (212) 704-8196 / 704-4484
E-mail: [email protected]
or [email protected]
SOURCE GOL Linhas Aereas Inteligentes S.A.
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