GOL Linhas Aereas Inteligentes S.A. (GOL), a low-cost low-fare airline in Latin America, on Tuesday said its fourth-quarter adjusted operating loss was 160.1 million Brazilian Real, with a negative margin of 7.6 percent. The results excluded additional costs of 197 million Real due to the winding up of Webjet's operations and impairment of assets.
The company's revenue per available seat-kilometer or RASK in the fourth quarter grew 10.5 percent from last year, owing to the strategy of rationalizing supply adopted in March 2012.
In 2012 as a whole, the adjusted operating loss came to 708.9 million Real, with a negative margin of 8.7 percent.
Separately, GOL said it estimates a positive operating result for the first quarter of 2013, higher than in the same period last year. The projection considers the fuel price at current levels.
The company also announced a reduction in its domestic capacity of between 8 percent and 10 percent for the first half of 2013. For the year of 2013, the reduction is around 7 percent, when compared to the same period of 2012.
The projection reiterates the company's strategy of supply rationalization for 2013 and its goal of a minimum growth of 10 percent in RASK and the recovery of operating margins.
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