Brazilian airline Gol reports millionaire losses due to travel restrictions
Friday, April 30th 2021 – 08:35 UTC
Gol CEO Paulo Kakinoff trusts vaccination will impact positively on the airline industry
Brazilian airline Gol Thursday reported losses of US $ 473 million for the first quarter of 2021 due to the travel restrictions effective worldwide as a consequence of the Covid-19 pandemic.
The company Thursday released a statement which indicated that turnover had contracted 50.2 per cent compared to the same period last year (272 million dollars) due to the fall in demand caused by a second wave of the coronavirus.
Passenger revenue declined 51.8 per cent to $ 246 million, while freight revenues fell 26.7 per cent ($ 26 million).
Between January and March, Gol reduced its daily operations by 10 per cent compared to December and, compared to the first quarter of 2020, it carried only 4.5 million passengers, a 46% decrease.
For the second quarter of 2021, the airline expects revenue to decline approximately 35 per cent from the quarter ending in March. Gol is currently operating a fleet of 63 aircraft, around four times more than those in the same quarter of 2020…