Where are you: \ en-usa \ Financial and Operating Information \ Financial Outlook

Financial Outlook

2017 Financial Guidance Guidance
Full year 2017
1Q17 Results
Average Fleet 115 116
Variation in supply (ASK) 0% to -2% -2.0%
Variation in total seats -3% to -5% -13.2%
Variation in volume of departures -3% to -5% -13.6%
Average Load Factor 77% to 79% 79.6%
Non-fuel CASK (R$ cents) +/- 14% 13.8
EBITDA Margin 11% to 13% 13.6%
Operating (EBIT) Margin 6% to 8% 9.6%

Given the volatility of the Brazilian economy, the current above guidance for 2017 may be adjusted in order to incorporate the evolution of its operating and financial performance and any eventual changes in GDP growth, interest rates, exchange rate, and WTI and Brent oil price trend.