Recession USA 2020

Gol Linhas reports August load factor 79.4% v 82.4% y/y (NYSE:GOL)

Gol Linhas (NYSE:GOL) updates monthly traffic figures, including updating the operation of its bases. Gol reopened four bases (Campina Grande, Caxias do Sul, Marabá and Montes Claros) and added 51 daily frequencies. The daily frequencies were added at Guarulhos, (São Paulo) and Galeão (Rio de Janeiro) airports. 

Available seat kilometers fell 70.7% y/y with revenue passengers kilometers down 71.8% y/y. Total departures were 5,800 compared to 22,168 in August 2019. Cargo ton was down 76.7% from the year ago period.

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