GOL adjusts transfer prices of tickets and miles for loyalty program

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), a Brazilian domestic airline, has announced the readjustment of transfer prices of airline tickets and miles under its loyalty program was calculated as provided in the miles and airline ticket purchase agreement dated December 28, 2012, the company said.

The readjustment of transfer prices will be as follows: the price of standard airline tickets sold by GLA to Smiles will increase by 41% and the price of miles sold to GLA by Smiles will increase by 2.7%. Smiles´ Board of Directors unanimously approved these readjustments, which will come into effect as of January 1, 2020.

GOL Linhas Aéreas Inteligentes S.A. has three main businesses: passenger transportation, cargo transportation and coalition loyalty program.