GOL Linhas Aereas, a Brazilian airline, is planning to resume international flights from Fortaleza International Airport, (FOR), and other northeast Brazil airports such as Salvador, Recife and Natal. These cities are connected with Buenos Aires Jorge Newbery Airfield, (AEP).
GOL, a Brazilian airline, stated in a statement that it is now ready to resume international connectivity after a long hiatus caused by the COVID-19 pandemic. Fortaleza-Buenos Aires will be the first international route that will be resumed starting on August 20. The service will operate on Saturdays. On December 3, Fortaleza-Buenos Aires will be the first international route to resume. This service will operate on Saturdays. He said, “The codeshare agreement with Aerolineas Argentinas
One of the America’s most important air routes is the one between Argentina and Brazil. Cirium data shows that there are 187 weekly flights connecting the two countries. GOL and Aerolineas Argentinas have intensified their codeshare agreement to meet the growing demand for this segment. This has allowed them to increase the daily connectivity between the two countries. These two airlines hold around 60% of the market. Their partnership with Aerolineas Argentinas gives its passengers more connectivity to Argentina’s interior. There are more options to fly from the Northeast to cities like Ushuaia and Bariloche.
GOL’s net operating revenues exceeded by 215% and 33%, respectively, in the first half 2022. They reached 3.2 billion Rias (around US$620 Million) during the first half 2022. GOL lost US$541million in the past six months despite recovering its operating revenue and not losing pre-pandemic passengers. GOL, like many regional carriers, was adversely affected by rising fuel prices and economic uncertainty.
The airline is cautious as global uncertainty will continue to affect its outlook for the future. GOL anticipates receiving ten additional Boeing 737 MAX planes in 2022. This will increase its share of MAX aircraft in the fleet from 24% – 33%. The year will be completed with 44 MAX 8 aircraft in a sub-fleet.
Celso Ferrer is GOL’s new CEO. He stated that the airline is confident that its increased operating fleet utilization (which generated 27.5% productivity gains in this quarter) and the fuel savings from the new generation 737 MAX aircraft will allow it to increase its leadership in unit cost and maintain disciplined growth for the second half.