GOL Linhas AÃ©reas Inteligentes S.A. (FBOVESPA: GOLL4) (NYSE: GOL), has reported a 22 percent decrease in available seats in July 2016 compared to July 2015, and a 15.5 percent decrease year-to-date in 2016 compared to 2015, the company said.
The reduction of the volume of departures was 22.3 percent and 15.6 percent in the month and in 2016, respectively.
The domestic capacity followed the adjustment trend with a reduction of 6.7 percent in July and 6.4 percent in the year to date, when compared to the same periods of 2015.
The domestic demand fell by 6.8 percent in the month, leading the load factor to 84.3 percent, remaining stable in the previous year. In 2016, the load factor was 77.9 percent, with a decrease of 8.2 percent in demand when compared to the same period of 2015.
In the international market in July, the capacity and demand fell by 16.7 percent and 17.9 percent, respectively, when compared to the same month in 2015. The load factor went to 75.4 percent, representing a decrease of 1.1 p.p. In the year to date, the capacity and the demand fell by 15.8 percent and 12.5 percent, respectively, leading to an increase of 2.8 p.p. in the load factor when compared to the same period of the previous year, reaching 74.3 percent.
GOL Linhas AÃ©reas 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.