GOL readjusts transfer price of airline tickets/miles for loyalty program

Brazil-based GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4) has announced it has readjusted the transfer prices of airline tickets and miles under its loyalty program, the company said.

The readjustment of transfer prices will be as follows: (i) the price of standard airline tickets sold by GLA to Smiles will increase by 17.1% and (ii) the price of miles sold to GLA by Smiles will increase by 16.6%. Smiles´ Independent Committee and Board of Directors unanimously approved these readjustments, which came into effect as of January 1, 2019.

GOL Linhas Aéreas Inteligentes S.A. serves more than 30 million passengers annually. GOL offers customers more than 700 daily flights to 69 destinations in 10 countries in South America, Caribbean and the United States.