GOL reports 20% reduction in October 2016 departures

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (S&P: CCC) has reported the volume of departures in the total system reduced 20.3 percent, while the number of seats recorded a 19.1 percent reduction in October, the company said.

In the domestic market, GOL reduced its supply by 3.2 percent in October and 5.4 percent year to date over the same periods the year before.

GOL´s October 2016 load factor was 75.9 percent, flat versus October 2015. Through October, the load factor was 77.7 percent.

In October, GOL´s international market supply was reduced by 18.3 percent, with load factor of 76.8 percent, an increase of 6.0 p.p. in relation to the same period of 2015. Year to date supply was reduced by 17.7 percent, and load factor was 74.5 percent, up by 2.7 p.p.