Gol Linhas Aereas Inteligentes S.A, Brazil’s largest air transportation and travel services group released its preliminary air traffic figures for November. Shares are more than 5% higher.
The volume of departures in the total system were down 19.4%, while the number of seats recorded a 19% decline in November. In the first eleven months of 2016, these indicators fell by 17.0% and 16.7% respectively.
In the domestic market, the company reduced its supply by 4.9% in November and 5.4% year to date versus the same periods the year before.
Domestic demand increased 0.7% in November, reaching a load factor of 78%, 4.4 percentage points up on November 2015. Until the month of November, domestic demand reduced by 5.7%, accompanied by a load factor of 77.8%.
In November, international market supply and demand fell by 17% and 9.9%, respectively, with load factor of 75.9%, an increase of 6 percentage points in relation to the same period of 2015. Year to date, supply declined by 17.6% while demand decreased by 14.2%, reaching a load factor of 74.6%, up by 3 percentage points.