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Found 8 results

  1. 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 and has parked more than 100 aircraft. The airline also believes its planned international expansion will be delayed for some time. GOL’s competitor, Azul, which has also parked more than 100 aircraft, hopes to resume close to a normal operating schedule in Jul-2020, but as the crisis drags on it can only be speculated when any sense of normality will materialise. GOL and Azul join airlines worldwide in parking hundreds of aircraft Unlike some Latin American countries, Brazil has not totally shut down its domestic air routes. Instead, its airlines are operating bare bones schedules to keep an essential network in place. GOL and its rival Azul have both cut their capacity by 90%, and data from CAPA and OAG show that for the week of 20-Apr-2020, Brazil’s domestic ASKs will fall 89% year-on-year, before being planned to climb again in early May-2020. Brazil weekly domestic ASKs by year Jan-Jan: 2017-2020* Source: CAPA - Centre for Aviation and OAG. * These values are at least partly predictive up to 6 months from 13-Apr-2020 and may be subject to change. GOL is currently operating 50 daily flights from São Paulo Guarulhos International airport to the 26 state capitals in Brazil. In early March, before the effects of the COVID pandemic quickly wiped out air travel demand worldwide, GOL was operating approximately 750 flights per day. The airline has parked more than 100 of its Boeing narrowbodies, and CAPA’s fleet database shows that GOL is operating just 10 aircraft. GOL fleet summary as of mid-Mar-2020 Source: CAPA Fleet Database. GOL CEO Paulo Kakinoff recently stated that the airline is expecting to maintain that diminished schedule until early May. Recently, GOL’s domestic competitor Azul has cut its capacity by 90% from March 25 to April 30 and is operating 70 nonstop flights to 25 cities. Azul has stated that it hopes to resume close to a full operating schedule by July. CAPA’s fleet database shows that Azul has parked 124 aircraft and has just 30 in service. Azul fleet summary as of mid-Mar-2020 Source: CAPA Fleet Database. Azul executives have remarked that the company believes the COVID-19 crisis will be a “two-to-three month problem”, but they have also acknowledged that the crisis could last longer. However, Azul has also said: “We are actually starting to see governments kind of change tune a bit and realize that you can’t have a full shutdown for too long because it would be disastrous to the economy”. GOL close to a break even performance in its current network configuration GOL has essentially reduced its network to 10% of what it was before the crisis, and Mr Kakinoff explains that “automatically, we have also dropped our variable costs down to that same level”. The airline has also taken measures to slash its fixed costs, including a 50% reduction in its payroll and the deferral of lease payments. “The good news out of the essential network is that we are close to break even in cash related to that essential network operation”, Kakinoff said. “So we’ve brought down our cost to the level of our revenues. It means by operating this essential network, we are not burning cash.” GOL does not believe the COVID-19 crisis will trigger consolidation in Brazil Brazil lost one of its major airlines in 2019 when Avianca Brazil, which at one point had domestic passenger share of 15%, ceased operations. The country’s remaining airlines largely backfilled Avianca Brazil’s capacity. At one point in 2019 GOL expressed some concern about domestic capacity growth, but as the year came to an end the airline concluded that Brazil’s domestic growth in 2020 would be rational. Obviously the COVID-19 crisis has wiped out any previous projections for industry growth, and there is no certainty when – or if – demand will reach its pre-crisis levels. GOL, according to its company CFO Richard Lark, believes that Brazil’s market “on the other side of this” could potentially be smaller for a period of time. GOL does not believe that the COVID-19 pandemic will trigger any consolidation in Brazil’s market, but Mr Kakinoff has stated that a possible positive outcome of the crisis is that there could be “lessons learned by some players in the market...now you can see how toxic an overcapacity approach can be.” LATAM Airlines Brazil is the country’s second largest domestic airline behind GOL, and for Apr-2020 LATAM is continuing to operate to 39 destinations in the country, with reduced frequencies. Overall, LATAM Airlines Group is cutting its operation by 95% for Apr-2020. GOL is also adjusting its expectations for international expansion. At one point, the airline was planning to grow its international business to 25% of its total operations during the next couple of years. But obviously those plans will change; as stated, there continues to be uncertainty about when demand patterns will warrant the addition of new international routes. Brazil's economy slows to zero and the return of demand is unknown Brazil’s passenger growth was just 1.7% in 2019, after 3.3% growth in 2018. The country’s economy was starting to grow after a recession in the middle of the past decade. But now the country’s government has forecast zero economic growth for the country in 2020, and it is likely that a contraction could occur. Even if Brazil’s airlines do resume close to normal schedules in 1H2020, they will likely need to stimulate demand with much lower fares, because Brazilians will monitoring their discretionary spend due to a shaky economic environment. There is also the general and continuing apprehension about travel created by COVID-19, and it could take some time for the population to get comfortable travelling again. Airlines worldwide and in Brazil will need to resize in a post COVID-19 world Brazil is not the only market that will emerge smaller in a post COVID-19 world. There is little evidence that demand will reach any type of normal level until late 2021 or 2022, and the result will be that airlines will need to adapt to their new operating reality. Brazil’s market was largely rational prior to the onset of the crisis, but its airlines will need to resize their operations in order to maintain the ideal balance of supply and demand. https://centreforaviation.com/analysis/reports/draft-covid-19-brazils-aviation-market-will-shrink-after-the-pandemic-521177
  2. 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-to-boom/
  3. 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/
  4. 04-Jul-2019 7:18 PM South African Airways announces codeshare and frequent flyer agreements with Gol Linhas Aéreas South African Airways (SAA) has signed codeshare and Frequent Flyer agreements with Brazilian airline Gol - Linhas Aéreas (GOL). The agreement will enable SAA to add its code on flights operated by GOL in the Brazilian territory, which will allow SAA customers to integrate their travel with easy connections on flights of both carriers. The codeshare is effective from today and tickets can already be purchased through all SAA sales channels including flysaa.com. The agreement makes it possible for SAA to add its code on 20 connecting flights in Brazil operated by GOL, including Rio de Janeiro, Brasília, Curitiba, Porto Alegre, Belo Horizonte, and Florianópolis, among others. The codeshare with the leading carrier in the domestic Brazilian market extends SAA’s reach throughout Brazil. Besides the codeshare, the signed Frequent Flyer Programme ("FFP") agreement offers members of each airline’s programmes, Voyager from SAA and Smiles from GOL, the opportunity to accrue and redeem miles. Customers from Smiles can accrue and redeem miles on flights operated by SAA to Africa, Asia and Australia, and Voyager members can accrue and redeem Voyager miles on flights operated by GOL. “We are extremely pleased with this agreement which comes at an opportune time and gives strategic impetus to our strategy of growing partnerships globally to offer our customers more travel options. It is an important step in the execution of our strategy and gives our customers, through our direct flights to Sao Paulo, a number of further travel options to explore Brazil. In turn, the mutually beneficial agreement offers GOL customers the chance to explore the riches of Africa,” says Zuks Ramasia, SAA acting Chief Executive Officer. “The partnership with South African Airways is in line with our commitment to offer a larger international connectivity, with quality of service and integrated products of each carrier. Thus, we enable more destinations options and connectivity bringing more benefits to our clients, with more agility and the smart use of time on their trips,” says Randall Saenz Aguero, GOL’s Director of Alliances, International Expansion and Distribution. This press release was sourced from South African Airways on 03-Jul-2019. https://centreforaviation.com/members/direct-news/south-african-airways-announces-codeshare-and-frequent-flyer-agreements-with-gol-linhas-areas-481536
  5. Avianca signs interline and negotiates codeshare agreements with Azul and Gol in Brazil June 21, 2019 Avianca Holdings interim CEO Renato Covelo stated Aviancabookings were impacted in Brazil due to the brand connection with Avianca Brazil (O Globo, 20-Jun-2019). Avianca signed interline agreements and is negotiating codeshares with Gol Linhas Aéreasand Azul Linhas Aereas to address domestic-international connectivity demand in the Brazilian market. https://blueswandaily.com/avianca-signs-interline-and-negotiates-codeshare-agreements-with-azul-and-gol-in-brazil/
  6. 23-May-2019 9:32 PM Brazilian carrier GOL Linhas Aereas will offer free messaging to all flyers on Gogo-equipped flights. The promotion is available fleet wide on all GOL flights equipped with Gogo 2Ku. While onboard, passengers using their smartphone can send and receive greetings from the sky at no charge using applications like WhatsApp, Facebook Messenger, and iMessage. Guests can find more information about GOL Online and internet passes online. To learn more about Gogo inflight connectivity and entertainment, visit www.gogoair.com. This press release was sourced from Gogo on 22-May-2019. https://centreforaviation.com/members/direct-news/gol-offers-free-messaging-on-gogo-equipped-flights-474924
  7. March 4, 2019 Gol Linhas Aéreas CFO Richard Lark, speaking on the 4Q2018 financial results call, commented (01-Mar-2019) on Avianca Brazil‘s chapter 11 filling and its effects on FFP Amigo, stating: “That situation highlighted the shared credit risk between airlines and their affiliated FFPs and that will make it more difficult for programmes to finance themselves on a stand alone basis”. https://blueswandaily.com/gol-cfo-avianca-brazils-situation-highlighted-the-shared-credit-risk-between-airlines-and-ffp/
  8. A Gol planeja oferecer serviços de manutenção e reparo para clientes terceiros já a partir de 2020. O MRO (Manutenção, Reparos e Operações) estaria preparado, inicialmente, para receber aeronaves modelo B737. O hangar de manutenção, localizado em Belo Horizonte/Tancredo Neves, tem capacidade para receber até seis narrowbodies, incluindo um na estação de pintura, embora a Gol não tenha divulgado o quanto de capacidade passaria a oferecer para outros clientes e o quanto ainda utilizaria de forma exclusiva para sua frota. Tudo isto foi dito pelo diretor de Manutenção da Gol, Carlos Alberto Costa, no evento da Aviation Week Latin American. Outro ponto dito é que a companhia aérea ainda não decidiu se colocaria eventualmente uma unidade MRO separada fisicamente de seus hangares próprios de manutenção. No entanto, a Gol espera que já em meados de 2019 tenha os procedimentos necessários para o possível ingresso no mercado. Em 2021, a companhia ainda planeja expandir estes serviços para outros modelos narrowbodies e, em 2022, para modelos widebodies. Fonte:https://www.mercadoeeventos.com.br/n...artir-de-2020/
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