GOL pops after posting investor update

|About: GOL Linhas Aéreas Intelig... (GOL)|By:, SA News Editor

GOL Linhas (NYSE:GOL) rallies in premarket action after posting an investor update.

The airline company says it expects a Q3 operating margin of 5.0% to 5.5% vs. 12.2% a year ago due largely to F/X swings and elevated jet fuel prices.

Passenger unit revenue is expected to be up 4.5% to 5.0%.

Non-fuel costs are seen rising 2.5%.

GOL also forecasts an EBITDA margin of 11.0% to 11.5%.

GOL +13.73% premarket to $7.29.

Source: Press Release

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