GOL reports 19 percent decrease in ASM in June 2016

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL) has reported the total number of seats available to the market (ASM) fell by 19.2 percent in June and by 20.8 percent in the second quarter 2016, the company said.

Total volume of departures in the system decreased by 19.7 percent and 21 percent in the month and in the quarter, respectively.

Domestic supply reduced by 5.2 percent in June and by 8.9 percent in the second quarter 2016, when compared to the same periods of 2015. Domestic demand fell by 6.6 percent, leading to a load factor of 76.1 percent. In the quarter, domestic demand declined by 11.2 percent, with a load factor of 76.0 percent, representing a 2.0 p.p. reduction.

In the international market, capacity and demand fell by 10.9 percent and 11.6 percent, respectively, leading to a load factor of 66.3 percent, representing a 0.6 p.p. downturn. In the quarter, capacity and demand in this market moved down by 12.2 percent and 10.6 percent, respectively, resulting in a load factor of 69.3 percent, an increase of 1.2 p.p.

Gol Linhas Aéreas Inteligentes S.A, also known as VRG Linhas Aéreas S/A is a large, low-cost Brazilian airline based in São Paulo, Brazil.