GOL discloses preliminary traffic figures for March 2020
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
ir.voegol.com.br
Company Research
Source: PR Newswire
SÃO PAULO, April 6, 2020 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's largest domestic airline, announces today preliminary air traffic figures for the month of March 2020, compared to the same period in 2019.During the month of March, GOL adjusted its network in both domestic and international markets to account for the decrease in customer demand as Brazilians take responsible steps to socially distance and avoid travel during the COVID-19 pandemic. In the period between Monday, March 1 to Friday, March 13, which was unaffected by COVID-19, the occupancy rate on GOL's domestic flights was approximately 82%, with preservation of yields in the same period. GOL's strong discipline in capacity and yield management, based on our highly adaptable and flexible single-aircraft type fleet, allowed us to adjust our flight offer in an agile and rational way. On March 16, we reduced domestic flights by 50% to 60% and international flights by 90% to 95%
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