Gol reduces domestic flights and achieves profitability gains

Skift Take

It's interesting that Gol plans an IPO for Smiles, its frequent flyer program. And, on the capacity front, Gol is proving that less is oftentimes more.

Gol Linhas Aereas Inteligentes SA, Brazil’s second-biggest air carrier by market share, rallied after announcing that a measure of profitability increased as the company reduced capacity to boost net income. Shares climbed 4.4 percent to 11.83 reais at 12:58 p.m. in Sao Paulo after earlier rising as much as 5.2 percent in the biggest intraday advan

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