Posted on: 24 March 2011 by Ross McSweeny
GOL Linhas Aéreas Inteligentes is to start a new phase of reducing its operating costs through administrative and operational synergy gains in the second quarter of the calendar year.
The company has concluded negotiations for the early return of two of the six Boeing 767s it retained up to March 2011, thereby reducing operating expenses by around R$20 million per year as of the second half. These aircraft are being used until the end of March 2011 for long-haul charter flights.
After completing a series of projects begun in 2010 to improve operations, GOL says it has finished analysing redundancies in relation to certain processes, which will reduce annual operating expenses by approximately R$45 million. These projects are designed to strengthen the company’s low-cost, low-fare strategy.
As a result, GOL declares it will underline its commitment to the industry, while “focusing on profitability and high-quality operations, becoming the most profitable airline in Brazil for yet another year, with an exceptionally strong balance sheet”.