Brazilian airline Gol Linhas Aereas Inteligentes SA is looking to boost its international business and reduce fuel consumption to counter a weak local currency and fuel prices that likely took a chunk out of its third-quarter margins.
In an interview with Brazilian newspaper Valor Economico, Chief Executive Paulo Kakinoff said the carrier would increase the number of seats it offers internationally by 40 percent in 2019, while domestic seating would grow by only 3 percent.
As part of that strategy, the company is betting on the Boeing 737 Max-8 long-range airplane, which consumes 15 percent less fuel than Gol’s current fleet, he said.
Increased international flights could decrease the percentage of revenue collected in reais, mitigating the negative impact of currency fluctuations on Gol’s bottom line…
