GOL preliminary traffic figures for May show drops

Brazil airline GOL Linhas Aereas Inteligentes S.A., (B3: GOLL4 and NYSE: GOL) has announced preliminary air traffic figures for the month of May 2017, the company said.

Compared to the same period in 2016, the total volume of GOL departures decreased by 3.3%, and the number of seats declined 2.9%, occasioning a decrease in supply of 4.6%.

Demand reduced by 2.4% in the period. GOL´s load factor was 76.6% in May 2017, 1.7 p.p. up over the same period of 2016.

In the domestic market, GOL decreased its supply by 3.2% in May over the same period the year before. Domestic demand reduced by 1.9% in the month, and GOL achieved a load factor of 76.9%, 1.1 p.p. up over May 2016.

In May, GOL´s international market supply fell by 14.5%, while demand reduced 6.6% resulting in a load factor of 73.9%, which represents growth of 6.3 p.p. in relation to the same period of 2016.

GOL is Brazil´s largest airline, carrying 33mm p.a. on more than 700 daily flights to 63 destinations in Brazil and 11 destinations in South America and the Caribbean on a fleet of over 120 Boeing 737 aircraft, with a further 120 Boeing 737s on order.