Gol 'on target for record' performance in 1Q2020 until COVID-19

5 May, 2020

Gol stated (04-May-2020) 1Q2020 "was on target for record results until mid Mar-2020", when conditions deteriorated rapidly due to the unprecedented COVID-19 pandemic. The carrier commenced cutting capacity on 16-Mar-2020, by 50% to 60% in the domestic and by 90% to 95% in the international market. The carrier readjusted its network from 800 operations daily to 50 essential operations daily effective 24-Mar-2020. [more - original PR]