GOL Linhas AÃ©reas Inteligentes S.A. (BM: GOLL4) has reported the volume of departures in the total system fell 20 percent, while the number of seats recorded a 19.6 percent decline in August, the company said.
In the domestic market, GOL reduced its supply by 5.4 percent in August and 6.3 percent year to date over the same periods the year before. Domestic demand declined by 2.7 percent in August, reaching a load factor of 78.2 percent, 2.1 p.p. up on August 2015.
In August, GOL´s international market supply and demand fell by 25.3 percent and 24.2 percent, respectively, with load factor of 73.9 percent. Year to date, supply declined by 17.0 percent while demand decreased by 14.1 percent, reaching a load factor of 74.2 percent, up by 2.6 p.p.
GOL Linhas AÃ©reas Inteligentes S.A. is a large Brazilian air transportation and travel services group with annual revenues of BRL10 billion. GOL operates approximately 860 daily flights to 65 destinations, with 13 international in South America and the Caribbean.