SAO PAULO, June 4, 2018 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (“GOL” or “Company”), (NYSE: GOL and B3: GOLL4). Between May 21 and May 31, Brazil suffered an extensive nationwide trucking strike. With trucks stopped and blocking highways, supplies of fuel, food and medical supplies ceased being delivered to distribution points. The stoppage began alleviating on May 27, after representatives of the trucking industry and the Government reached agreement.
In response to investor questions regarding the operational and financial impact of the strike on GOL, the Company reports the following preliminary information:
- As a result of the efforts of GOL’s team and its network strategy, the Company operated 99.4% of its regularly-scheduled flights from May 21 to May 31, cancelling only 12 of 7,275 flights scheduled during the period due to the strike.
- Upon announcement of the strike, GOL activated its operational contingency planning, managing fuel and routes, repositioning replacement crews, tankering fuel and carrying out 69 technical refueling stops between May 23 and May 31 to avoid having to cancel flights. “Our priority was to guarantee that clients with issued tickets arrived at their destinations safely and with as little disruption as possible”, said GOL’s VP of Operations, Sergio Quito. “The GOL network and standardized fleet are key differentiators that proved essential to achieving a low number of cancelled take-offs.”
- Affected passengers were contacted by the Company and were re-scheduled without charging change fees.
- To serve needs for air cargo transportation, on May 30 GOL reinitiated the transportation of cargo, and from May 30 to June 1 shipped approximately 700,000 kilos, including approximately 50,000 kilos of pharmaceuticals.
- GOL’s commitment to maintaining its service schedule and ensuring that its passengers arrive at their destinations, with minimum possible disruption, resulted in an estimated direct impact from the strike of approximately R$8 million of incremental operating expenses and an R$29 million impact on operating revenues.