Monday, May 7, 2012

GOL to Cut Flights and Reduce Fleet

GOL Airlines, Brazil's second largest carrier has today announced plans to cut up to 100 daily flights and reduce it's fleet by up to 12 aircraft by the end of 2012. The airline, which announced a Q1 2012 loss of 41 million reais hopes that these measures will result in a higher load factor and higher prices, which in turn will increase the airlines profit margin.

Full information on the airline's Q1 earnings can be found at

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