Sao Paulo, Brazil-based GOL Linhas AÃ©reas Inteligentes S.A. (GLAI), (NYSE: GOL) has announced preliminary air traffic figures for the month of December and full year of 2016, the airline said.
Comparisons refer to the same period of 2015.
The volume of departures in the total system decreased by 19.0%, while the number of seats recorded an 18.8% decline in December, resulting in a 5.7% reduction in the total supply. In 2016, these indicators were reduced by 17.2% and 16.9% respectively, leading to capacity in ASK terms to be 6.9% lower than 2015.
In the domestic market, GOL reduced its supply by 5.4% in December and 5.4% in 2016 over the same periods a year before. Domestic demand reduced 3.5% in December, reaching a load factor of 79.5%, 1.5 p.p. up on December 2015. From January to December, domestic demand was 5.5% lower, accompanied by a stable load factor of 78.0%.
In December, GOL´s international market supply and demand fell by 8.9% and 5.8%, respectively, with load factor of 74.1%, which represents an increase of 2.4 p.p. in comparison to the same period of 2015. In 2016, supply declined by 17.0% while demand decreased by 13.6%, reaching a load factor of 74.6%, up by 2.9 p.p.
Gol Linhas AÃ©reas Inteligentes S.A. provides regular and non-regular flight transportation services for passengers, cargo, and mailbags in Brazil and internationally. The company operates in two segments, flight transportation and Smiles loyalty program. As of December 31, 2015, it operated a fleet of 144 aircraft, which included 98 aircraft under operating leases and 46 aircraft under finance leases. It also develops and manages its own or third party customer loyalty programs as well as sells redemption rights of awards related to the loyalty program. The company has a strategic partnership with Air France-KLM.