GOL reports 19% decrease in passenger traffic in September 2016

GOL Linhas Aereas Inteligentes S.A. (BM: GOLL4) (NYSE: GOL) has reported the volume of departures in its total system fell 18.9 percent in September 2016, compared to September 2015, and fell 16.4 percent in year-to-date departures, compared to the same period in 2015, the company said.

The company reported the total number of seats (ASMs) declined 18.3 percent in September 2016 and 16.2 percent year-to-date.

In the domestic market, GOL reduced its supply by 0.5 percent in September and 5.7 percent year-to-date over the same periods the year before.

Domestic demand increased 1.8 percent in September, reaching a load factor of 78.3 percent, 1.8 p.p. up on September 2015. Until the month of September, domestic demand reduced by 6.6 percent, accompanied by a load factor of 77.9 percent.

In September, GOL´s international market supply and demand fell by 22.7 percent and 21.8 percent, respectively, with load factor of 74.3 percent. Year to date, supply declined by 17.6 percent while demand decreased by 14.9 percent, reaching a load factor of 74.3 percent, up by 2.4 p.p.

Gol Linhas Aereas Inteligentes S.A. is a large Brazilian air transportation and travel services group, with annual revenues in excess of BRL10 billion, with three main businesses: passenger transportation, cargo transportation and coalition loyalty program. GOL operates approximately 800 daily flights to 63 destinations.