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GOL reviews its guidance for full year 2006

22 November 2006

The Company has reviewed its guidance to account for the negative impacts of the recent problems with the air traffic in Brazil. As a consequence, GOL’s net revenues are expected to be reduced due to a higher number of delayed and cancelled flights. Such scenario has inhibited passengers to fly, impacting industry demand in the short term. Also, expenses should register variations due to a reduction in the effective flight hours, as well as an increase in the travel time as a result of longer periods to take off and lower flight speed. Those factors contribute to lower dilution of fixed costs and higher fuel consumption.

source: earthtimes.org

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