GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, reviews its financial outlook for 2019 and 2020. Guidance is adjusted to reflect recent variations in oil prices, reduction in taxes on jet fuel, the appreciation of the BRL versus the USD and the results of the acceleration of 737 MAX aircraft into the GOL fleet.
The Company's guidance highlights key metrics which impact financial results and drive long-term shareholder value. GOL provides forward-looking information that is focused on the main metrics the Company uses to measure business performance. These indicators are useful for investors and analysts who project GOL's results. The Company is providing financial projections in IFRS 16.
The current guidance may be adjusted in order to incorporate the evolution of GOL's operating and financial performance and any eventual changes to the Brazilian economy and GOL's broader economic environment, including variations in economic growth, interest rates, exchange rates, and international oil price trends. GOL is hedged for approximately 60% of its fuel consumption for the remainder of 2019, at an average cost of US$61.