Brazil’s GOL shows Q3 rebound with seat discipline, cost controls
GOL’s Q3 net profit rebounded as the airline stuck to a “strong discipline in the supply of seats, high load factors and unrelenting cost control” according to GOL CE Paulo Kakinoff. The airline reported a BRL327.6m (US$103.1m) net profit for Q3 2017, reversing its BRL0.9m net loss in Q3 2016 and representing a net margin of 12.1%, improved on the LCC’s flat net margin a year ago. GOL’s Q3 operating revenue increased 13.2% year-over-year to BRL 2.7b as traffic grew 5.1% YOY to 9.6b RPKs, boosting revenue from cargo, interline passengers coming from domestic flights and implementation of a first bag fee. The airline said revenue from international passengers increased 11.5% YOY during the quarter, representing 13.7% of the LCC’s total net revenue. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-10/unaligned/brazil2019s-gol-shows-q3-rebound-with-seat-discipline-cost-controls
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Brazil’s GOL shows Q3 rebound with seat discipline, cost controls
GOL’s Q3 net profit rebounded as the airline stuck to a “strong discipline in the supply of seats, high load factors and unrelenting cost control” according to GOL CE Paulo Kakinoff. The airline reported a BRL327.6m (US$103.1m) net profit for Q3 2017, reversing its BRL0.9m net loss in Q3 2016 and representing a net margin of 12.1%, improved on the LCC’s flat net margin a year ago. GOL’s Q3 operating revenue increased 13.2% year-over-year to BRL 2.7b as traffic grew 5.1% YOY to 9.6b RPKs, boosting revenue from cargo, interline passengers coming from domestic flights and implementation of a first bag fee. The airline said revenue from international passengers increased 11.5% YOY during the quarter, representing 13.7% of the LCC’s total net revenue. <br/>
