- AIRCRAFT LEASING: An agreement through which a company (the lessor). acquires a resource chosen by its client (the lessee) for subsequent rental to the latter for a determined period.
- AVAILABLE SEAT KILOMETERS (ASK): The aircraft seating capacity is multiplied by the number of kilometers flown.
- BARREL OF WEST TEXAS INTERMEDIATE (WTI): Intermediate oil from Texas. a region that refers to the name for concentrating oil exploration in the USA. WTI is used as a reference point in oil for the US derivatives markets.
- BRENT: Refers to oil produced in the North Sea. traded on the London Stock Exchange. serving as a reference for the derivatives markets in Europe and Asia.
- TOTAL CASH: Total cash. financial investments and restricted cash in the short- and long-term.
- OPERATING COST PER AVAILABLE SEAT KILOMETER (CASK): Operating expenses divided by the total number of available seat kilometers.
- OPERATING COST PER AVAILABLE SEAT KILOMETER EX-FUEL (CASK EX-FUEL): Operating cost divided by total available seat kilometers excluding fuel expenses.
- AVERAGE STAGE LENGTH: It is the average number of kilometers flown per stage performed.
- EXCHANGEABLE SENIOR NOTES (ESN): Securities convertible into shares.
- AIRCRAFT CHARTER: Flight operated by a Company that is out of its normal or regular operation.
- BLOCK HOURS: Time in which the aircraft is in flight. plus, taxi time.
- LESSOR: The party renting a property or other asset to another party. the lessee.
- LONG-HAUL FLIGHTS: Long-distance flights (in GOL’s case. flights of more than four hours)
- REVENUE PASSENGERS: Total number of passengers on board who have paid more than 25% of the full flight fare.
- REVENUE PASSENGER KILOMETERS PAID (RPK): Sum of the products of the number of paying passengers on a given flight and the length of the flight.
- PDP: Credit for financing advances for the acquisition of aircraft.
- LOAD FACTOR: Percentage of the aircraft’s capacity used in terms of seats (calculated by dividing the RPK/ASK).
- BREAK-EVEN LOAD FACTOR: Load factor required for operating revenues to correspond to operating expenses.
- AIRCRAFT UTILIZATION RATE: Average number of hours per day that the aircraft was in operation.
- PASSENGER REVENUE PER AVAILABLE SEAT KILOMETER (PRASK): Total passenger revenue divided by the total available seat kilometers.
- OPERATING REVENUE PER AVAILABLE SEAT KILOMETERS (RASK): The operating revenue is divided by the total available seat kilometers.
- SALE-LEASEBACK: A financial transaction whereby a resource is sold and then leased back. enabling use of the resource without owning it.
- SLOT: The right of an aircraft to take off or land at a given airport for a determined period.
- SUB-LEASE : An arrangement whereby a lessor in a rent agreement leases the item rented to a fourth party.
- FREIGHT LOAD FACTOR (FLF): Measure of capacity utilization (% of AFTKs used). Calculated by dividing FTK by AFTK.
- FREIGHT TONNE KILOMETERS (FTK): The demand for cargo transportation is calculated as the cargo’s weight in tons multiplied by the total distance traveled.
- AVAILABLE FREIGHT TONNE KILOMETER (AFTK): Weight of the cargo in tons multiplied by the kilometers flown.
- YIELD PER PASSENGER KILOMETER: The average value paid by a passenger to fly one kilometer.
