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Most airlines do not have a lot of time to focus on how the industry will be reshaped in a post-COVID-19 world. But there’s one overarching theme that emerges when they can take a step back and ponder how the industry will change after the crisis – markets will be smaller. The largest domestic airline in Brazil, GOL, believes that Latin America’s largest aviation market could potentially be smaller for some time after the pandemic ends, and that the crisis will force some airlines in the market to behave more rationally with capacity growth. For now, GOL is operating a skeleton schedule
January 30, 2020 Gol CFO Richard Lark, in Gol‘s Credit Suisse Latin America Investment Conference presentation, stated (29-Jan-2020) that “Gol is the leader in Brazil and Brazil is beginning to boom”. Mr Lark explained that inflation and interest rates in the country are at historic lows while GDP growth is normalising and governmental policies have led to a “steady recovery of economic growth over the last three years… [while] domestic travel is expected to expand between 6% and 9% in 2020”. https://blueswandaily.com/gol-cfo-gol-is-the-leader-in-brazil-and-brazil-is-beginning
January 14, 2020 Gol reported (10-Jan-2020) it had the best aircraft utilisation in 3Q2019 out of any other carrier, with 12.6 block hours. Gol reported Ryanair had 12 block hours utilisation, followed by jetBlue with 11.9 hours and Azul with 11.7. https://blueswandaily.com/gol-claims-the-highest-utilisation-rate-in-3q2019-with-12-6-block-hours/