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GOL Gol Linhas Aereas Inteligentes SA

2.715
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Gol Linhas Aereas Inteligentes SA NYSE:GOL NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 2.715 0 01:00:00

Brazil's Gol Begins Daily Miami Flights as Part of Route Shakeup

18/12/2012 5:43pm

Dow Jones News


Gol Linhas Aereas Inteli... (NYSE:GOL)
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SAO PAULO--Brazilian low-cost airline Gol Linhas Aereas Inteligentes (GOLL4.BR, GOL) said Tuesday that it began daily flights to Miami over the weekend, part of the company's reorganization of its flight network.

Gol started operating daily flights from Sao Paulo and Rio de Janeiro to the North American city on Saturday, the company's press office said. The flights make a stop in the Dominican Republic capital of Santo Domingo, a flight path that allows Gol to continue operating its fleet of Boeing 737-800s, which don't have a long enough range for a direct flight to Miami.

Gol reported losses of more than one billion Brazilian reais ($480 million) in the first nine months of this year as costs rose and aggressive expansion in previous years led to flights with many empty seats. The company has said it will reduce seats on domestic flights by 5% to 8% in the first half of next year in an effort to boost profitability.

Meanwhile, the company has been reconfiguring international routes to increase revenue from flights to Latin America and North America. According to news reports, Gol, which sold a 3% stake to Delta Air Lines (DAL) at the end of last year, also plans to provide connections to Delta's hub in Atlanta to allow connections to other locations in the U.S.

Write to Paulo Winterstein at paulo.winterstein@dowjones.com

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