GOL Linhas AÃ©reas Inteligentes S.A., (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, has announced preliminary air traffic figures for the month of October, 2017, the company said.
The total volume of GOL departures increased by 0.5% and the number of seats was up 0.3% in October, resulting in an increase in supply of 1.9%. GOL´s load factor was 80.6% in October 2017, 4.6 p.p. up over the same period of 2016, due to a growth in demand of 8.1% in the period.
In the domestic market, volume of departures and the number of seats increased by 0.5% and 0.4%, respectively over October 2016. In addition, GOL increased its supply by 1.7% in October over the same period the year before, while demand grew by 9.1%. GOL´s Load factor was up 5.5 p.p. in comparison to the same month of the previous year, achieving 81.4%.
In October, GOL´s international market supply and demand rose by 3.9% and 0.3, respectively, reducing load factor by 2.7 p.p. in relation to the same period of 2016.
Brazil´s largest airline group. GOL is Brazil´s largest airline, carrying 33 million passengers annually on more than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a cargo transportation and logistics business serving more than 2,200 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with over 12 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 15,000 highly skilled aviation professionals delivering Brazil´s top on-time performance, and an industry 16 year safety record.