GOL reports 19% decrease volume of departures in November 2016

GOL Linhas Aereas Inteligentes SA (BM: GOLL4) (FBOVESPA: GOLL4) (NYSE: GOL) has reported the volume of departures in its system fell 19.4 percent in November 2016, compared to the same period in 2015, the company said.

In the domestic market, GOL said it reduced its supply by 4.9 percent in November 2016 and domestic demand increased 0.7 percent in November, reaching a load factor of 78.0 percent, which is 4.4 p.p. up from November 2015.

In November 2016, GOL reported its international market supply and demand fell by 17.0 percent and 9.9 percent, respectively, with a load factor of 75.9 percent, an increase of 6.0 p.p. in relation to the same period of 2015.

Year to date, the company said supply declined by 17.6 percent while demand decreased by 14.2 percent, reaching a load factor of 74.6 percent, up by 3.0 p.p.

GOL Linhas Aereas Inteligentes SA is a large air transportation and travel services group based in Brazil.