GOL has reported a third-quarter net losses of BRL245.1 million, compared to a net loss of BRL197 million in the year-ago quarter. Operating revenue rose by 10.4% however to BRL2.46 billion, with expenses up by 5.3% to BRL2.31 billion.
GOL’s operating income tripled to BRL152 million, compared to the BRL37 million reported last year. GOL’s operating margin rose 4.5 percentage points to 6.2%.
GOL’s traffic during the third-quarter rose by 9.2% to 9.5 billion RPKs, on the back of a 2% drop in capacity to 12.2 billion ASKs. GOL’s load factor rose 7.9 percentage points to 77.5%. Domestic load factor rose 8.7 points to 78.3%, with international load factor up 8.3 points to 72.5%. Yield fell 1.9% to 23.15 BRL cents. CASK, excluding fuel, increased 9.8% to 11.29 BRL cents.