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GOL's dismal traffic prompts slower capacity growth forecasts


GOL forecasts consolidated capacity (ASKs) growth will fall 2.0% year-on-year in 2009 from estimated 2008 levels, with capacity on domestic services increasing 4.6% year-on-year and international capacity down 26.1%, in line with the carrier’s revised network strategy. [808 words]

Unlock the following content in this report:


  • Capacity reductions also in 4Q08; load factor reductions to continue
  • Load factor falls a massive 12.0 ppts in Oct-08; looses market share to TAM
  • Fleet renewal programme progresses
  • Signs interline agreement with Condor

Graphs and data:

  • GOL 2008 and 2009 guidance: Nov-08
  • GOL's revised consolidated fleet from 2007 to 2012 (year-end) (previous Aug-08 guidance in brackets)
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