Brazil’s GOL said it will reduce domestic capacity 9% for the full-year 2013 compared to 2012. The move is sign of the persistent demand weakness impacting the Brazilian airline market. In a statement, GOL said it was cutting capacity “in line with different economic scenarios” than had been expected. The domestic supply reduction will enable GOL to maintain an operating margin of between 1% and 3% for 2013, the carrier added. GOL incurred a 2013 first-quarter net ...

Subscribe to Access this Entire Article

"GOL to sharply cut domestic capacity" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.