Published on 9 Jan 2024 on Zacks via Yahoo Finance
Gol Linhas' (GOL) Traffic Decreases 2.5% Y/Y in December
Gol Linhas Aereas Inteligentes GOL recently reported a year-over-year decline in traffic and capacity for December 2023.
Consolidated revenue passenger kilometers (a measure of air traffic) inched down 2.5% on a year-over-year basis. Available seat kilometers (a measure of capacity) fell 8.1%.
With traffic fall being less than the capacity contraction, the load factor (percentage of seats filled by passengers) for December 2023 improved to 82.7% from 77.9% in December 2022. The number of flight departures at GOL in December registered a 10% year-over-year decrease. Consolidated passengers on board dipped 4.5% year over year.