SAO PAULO, Dec. 21, 2012 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B+, Moody`s: B3), the largest low-cost and low-fare airline in Latin America, hereby announces that domestic supply in November fell by 16.9% year over year.
Domestic supply in November remained in line with GOL's strategy, falling by 16.9% year over year, chiefly driven by the reduction in Webjet's supply. The objective of the strategy is to adjust supply to the national industry's new cost levels.
The domestic load factor increased by 5 percentage points (p.p.) over November 2011, primarily due to the decline in supply, especially Webjet's. Demand fell by 9.9% in the same period, also mainly due to reduced supply on the Company's national route network and the modest growth of the domestic economy during the period.
The Company's international supply fell by 3.1% year over year, chiefly due to a reduction in the frequency of international flights in November 2012. Demand edged down by 1.0%, mainly for the same reasons mentioned above.
The international load increased by 1.2 p.p. year over year.
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ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.
GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 900 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type.
SOURCE GOL Linhas Aereas Inteligentes S.A.