Gol Linhas Aereas Inteligentes S.A., Brazil’s low-fare, low-cost airline, announces that the company will expand its shuttle service São Paulo – Rio de Janeiro on November 22 by offering ten new daily shuttle flights to meet growing demand.
Gol’s current load factor of 75% on this route was an important factor in obtaining the DAC’s (Civil Aviation Department) approval for these additional routes.
Gol expects this new capacity to translate into 30 thousand extra passengers per month, primarily business travelers, which today represent approximately 60% of the Company’s passenger mix. With these new flights, Gol will offer 36 daily flights on this route.
“The commencement of these ten new daily flights on our São Paulo – Rio de Janeiro shuttle service represents important growth for Gol in the largest core market in Brazil.
“These 10 new shuttle flights will allow Gol to better serve customers who frequently fly this route, as passengers will be able to count on more flight options and smaller intervals between flights,” comments Tarcisio Gargioni, Gol’s Marketing and Services VP.
Gol is one of the most profitable and fastest growing airlines in the industry worldwide. The airline operates a simplified fleet with a single-class of service.
It also has one of the youngest and most modern fleets in the industry that results in low maintenance, fuel and training costs, and therefore high aircraft utilization and efficiency ratios. Add to this Gol’s brand recognition.
Gol currently offers service to 36 major business and travel destinations in Brazil. By the year-end, Gol plans to grow by increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations.
Gol listed its shares on the NYSE and the Bovespa in June 2004.
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