Published on 8 Dec 2023 on Zacks via Yahoo Finance
Gol Linhas (GOL) Traffic Decreases 3.1% Y/Y in November
Gol Linhas Aereas Inteligentes GOL recently reported a year-over-year decline in traffic and capacity for November 2023.
In November, consolidated revenue passenger kilometers (a measure of air traffic) dipped 3.1% on a year-over-year basis. Available seat kilometers (a measure of capacity) fell 7.3%. Delays pertaining to the delivery of Boeing 737 MAX jets led to the capacity decline.
With traffic fall being less than the capacity contraction, the load factor (percentage of seats filled by passengers) for November 2023 improved to 85% from 81.3% in November 2022. The number of flight departures at GOL in November registered a 6.7% year-over-year decrease. Consolidated passengers on board inched down 0.4% year over year.