Goal raises estimates of profit margin of 2018 and 2019

SAO PAULO (Reuters)-the airline Gol has reviewed this Friday projections for a series of economic indicators of the company, raising between them estimates of margin of earnings before interest, taxes, depreciation and amortization (Ebitda) of 2018 and 2019 and predicting the margin of about 28% in 2020. The company informed that the revision of the projections took place to incorporate more recent variations in oil prices, the appreciation of the dollar against the real, the incorporation of Boeing 737 MAX to your fleet and the adoption of the IFRS accounting system 16.Com for 2018, the Ebitda margin projection spent about 16% to 26%. Already the estimate of 2019 rose from around 17 to about 27%.