hardiwv
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Joined: Sat Oct 09, 2004 11:30 pm

GOL Posts USD 50 Million 1Q Profit

Tue May 10, 2005 10:15 pm

Brazil's LCC GOL announced today USD 49.1 million profit for the First Quarter 2005 (Jan-Mar/05), an increase of 45% based on 2004 results. [TAM Brazil posted USD 20 million profit for the same period]

This week GOL also has overtaken VARIG as Brazil's no. 2 airline, with 28% market share, against VARIG's 27%:

GOL Overcomes RG In Brazil's Market Share (by Hardiwv May 6 2005 in Civil Aviation)

In the First Quarter GOL received three new aircraft B737-700/800s. Load factor was 73.5%, RPK increased 30%, while yields continue strong and increased 5%. [this shows that GOL is not an airline for fare-conscious pax only; about 30% of its pax base are high-yield business and corporate clients].

GOL operates more than 300 take-offs and landings daily and has the biggest fleet of 737NG in Latin America.

Until December/05 GOL will take delivery of an additional 10 B737NGs. This month GOL also received approval to further expand its network: the airine will add 62 new flights, including 12 additional SDU-CGH shuttle flights.

In 2005 GOL will start international flight to VVI, MVD and ASU.

Full statistics and results are posted on GOL's corporate webpage, under "News":

http://www.mz-ir.com/gol/


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[Edited 2005-05-10 15:31:54]
 
erikwilliam
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RE: GOL Posts USD 50 Million 1Q Profit

Tue May 10, 2005 11:32 pm

great new, unfortunately, GOL´s stocks aren´t sp good today, bad luck me.

Anyway, they have 40% increase in the last 12months, wich is quite amazing for a company in the aviation industry.

GOl will launch more stocks at Bovespa, and they hope to raise USD450-600milion, so that way they can afford expansion plans and new aircraft.

Way to go GOL,
Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 12:48 am

Quoting Erikwilliam (Reply 1):
they have 40% increase in the last 12months

And expect another 40-50% for 2005!

Rgs,
 
PPVRA
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 2:02 am

That's over 100% of what TAM made in the same time... these guys are unbelievable!!

PPVRA
"If goods do not cross borders, soldiers will" - Frederic Bastiat
 
Pu752
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 2:08 am

Quoting Hardiwv (Thread starter):
2005 GOL will start international flight to VVI, MVD and ASU.

I guess this will be a waste of time and money for GOL to start flying these destinations, basically, because ASU, theres not much traffic, MVD due to competition with up to 6 (RG,PU,UE,AR) daily flights between Uruguay and Brasil and theres not much traffic for more flights, and VVI I guess could work better, at least better than ASU and MVD. Will GOL fly daily to these destinations? what routes?
 
erikwilliam
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 2:33 am

The flight to ASU, will probably be from CGH-FOZ-ASU, as yelds CGH-FOZ are great, and FOZ-ASU is really good.

Make no mistake, GOL is like JetBlue, they only step ground where they really know what´s going on, that´s why, they´re making so many profit.

PPVRA: Natura and some other companies did better than this for a period of 15-30 months.

The only reason GOL stock is doing so great, is because they give people a option to fly, my dad has been living in MCZ for 7 years now, and he only did with RG and JJ, two times a month, he´s Gold Star and Red Fidelidade, now, he´s only Flying GOL. Too bad they still don´t have a FF program.
Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
 
SBRFtoEHAM
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 2:51 am

According to the news, flights to VVI will start next month, departing from CGR.

http://noticias.uol.com.br/ultnot/2005/05/10/ult29u40638.jhtm

Another source states that the other two flights will be something like:

POA-MVD
CWB-ASU

http://jc.uol.com.br/2005/05/10/not_88755.php

Sorry about the links only in Portuguese.

Regards
REC,AMS and a few others...
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 5:27 am

Quoting PU752 (Reply 4):
Will GOL fly daily to these destinations? what routes?

Yes, GOL will start flights to VVI, ASU and MVD daily.

Quoting PU752 (Reply 4):
I guess this will be a waste of time and money for GOL to start flying these destinations

You can be sure of one thing: whatever destination GOL flies they do make a profit, a substantial profit.

Look at the case of EZE, which GOL started last December. Everybody said GOL would not manage it, because there were a MULTITUDE of daily flights (JJ, RG, AR, BA, LH: about 80 to 100 weekly flights!). What happened? GOL is making a huge profit in EZE, with loads about 75%, and 80% of tickets sold to Argentiniands, 90% of tickets sold online (i.e. zero commission!). GOL started making profits to EZE already in the 2nd month of operations...expect the same for VVI, MVD and ASU...and many, many more to come...

Quoting SBRFtoEHAM (Reply 6):
According to the news, flights to VVI will start next month, departing from CGR.



Quoting SBRFtoEHAM (Reply 6):
Another source states that the other two flights will be something like:

POA-MVD
CWB-ASU

Very interesting information. Thanks!

Rgs,
 
MAH4546
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 5:49 am

I wonder if they will ever expand to Miami. Those 73Gs will have no problem making it from Manaus and Belem.
a.
 
SHUPirate1
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 6:14 am

GOL is making this much of a profit despite the fact that NOBODY has ANY clue what their route structure looks like, other than the fact that you have to connect four times to get further than your own house! (I know, that's a VERY small exaggeration)
Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 6:17 am

Quoting MAH4546 (Reply 8):
I wonder if they will ever expand to Miami.

Why do you think GOL's latest additions have winglets? I'm sure they are planning to fly further away, and MIA would come top on the list. MAO-MIA would just be perfect market.


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Rgs,
 
LipeGIG
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 8:43 am

Quoting Hardiwv (Reply 7):
Look at the case of EZE, which GOL started last December. Everybody said GOL would not manage it, because there were a MULTITUDE of daily flights (JJ, RG, AR, BA, LH: about 80 to 100 weekly flights!). What happened? GOL is making a huge profit in EZE, with loads about 75%, and 80% of tickets sold to Argentiniands, 90% of tickets sold online (i.e. zero commission!). GOL started making profits to EZE already in the 2nd month of operations...expect the same for VVI, MVD and ASU...and many, many more to come...

Hardi, fantastic. Gol is also a case of marketing because many people travell
thinking they have the best price!
a little correction:
The press release stats that they make profit in Brazil-EZE flights in the first month (not second), and that 70% of tickets sold to Argentinians.
And some add info:
Break-even (in terms of load factor): 51.3%
Net cash: BRL 646,3 mm (98 days of revenues)

Quoting SHUPirate1 (Reply 9):
GOL is making this much of a profit despite the fact that NOBODY has ANY clue what their route structure looks like, other than the fact that you have to connect four times to get further than your own house! (I know, that's a VERY small exaggeration)

Right. But's only for low demand destinations. At CGH-SDU, CGH-CNF, GIG-CNF, CGH-BSB, CGH-CWB, GIG-BSB, they have a strong structure and several non stop flights. In fact Brazil's market is strong in the southeast and south. In the weekend they reduce flights (for example CGH-SDU feels from 24 to 14 flights in the weekend) and reforce flights to the Northeast and Charter flights.

Regards,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Wed May 11, 2005 4:39 pm

Quoting LipeGIG (Reply 11):
The press release stats that they make profit in Brazil-EZE flights in the first month (not second), and that 70% of tickets sold to Argentinians.
And some add info:
Break-even (in terms of load factor): 51.3%
Net cash: BRL 646,3 mm (98 days of revenues)

Felipe: thanks for the additional information/corrections!

Here is a link:

http://news.airwise.com/story/view/1115763990.html

Rgs,

[Edited 2005-05-11 09:40:49]
 
LipeGIG
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 2:03 am

Quoting Hardiwv (Reply 12):
Here is a link:

http://news.airwise.com/story/view/1....html

Thanks. I didn't know that site. Interesting.

The link i used is the investor relations at www.voegol.com.br (in Portuguese)

http://www.b2i.us/Profiles/Investor/...=13238&myID=2376&Validate=3&L=e&I=

Seems that only available in Portuguese and the US GAAP version is not so
complete.

Anyway, fantastic numbers for just 30 aircrafts ! Imagine with their own MR&O facility (at CNF) and with own planes !

Regards,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 2:28 am

Quoting LipeGIG (Reply 13):
Imagine with their own MR&O facility (at CNF)

More details about GOL's MR&O facility to be built in CNF? Why CNF and not a location in Sao Paulo?

Tks,
 
erikwilliam
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 4:14 am

Quoting Hardiwv (Reply 14):
More details about GOL's MR&O facility to be built in CNF? Why CNF and not a location in Sao Paulo?

It´s cheaper there, and there´s incentives to build there, as the government likes people that build things around exporting airports, such as MAO, CNF, and VCP.

Also, not enough room in GRU, none in CGH.
Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
 
LipeGIG
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 9:30 am

Quoting Erikwilliam (Reply 15):
Quoting Hardiwv (Reply 14):
More details about GOL's MR&O facility to be built in CNF? Why CNF and not a location in Sao Paulo?

It´s cheaper there, and there´s incentives to build there, as the government likes people that build things around exporting airports, such as MAO, CNF, and VCP.

Also, not enough room in GRU, none in CGH.

Another reasons: CNF is considered the best located Brazilian airport in terms of weather (never closed), could support 24h operations (far from downtown), large area availability and as Erikwilliam states, the Minas Gerais state government and city of Lagoa Santa gives them a lot of incentives.

Regards,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
incitatus
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 9:54 am

How long before GOL passes TAM and becomes the largest airline in Brazil - 18 months? If there is no credible new low cost competition, GOL is bound to take more than 50% of the domestic market.

Quoting MAH4546 (Reply 8):
I wonder if they will ever expand to Miami.

At one point all designations were taken by RG, JJ, VP and TR. VP and TR are gone, so GOL and BRA should be capable to request their spot.
Stop pop up ads
 
LipeGIG
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 11:07 am

Quoting Incitatus (Reply 17):
How long before GOL passes TAM and becomes the largest airline in Brazil - 18 months? If there is no credible new low cost competition, GOL is bound to take more than 50% of the domestic market.

Incitatus, due to the fact that they today have 30 aircrafts and represents less than 30% of the market, if TAM keeps it fleet and flight schedulle as of today, GOL only can passes TAM in the middle of 2007 (when they expect a fleet of up to 54 aircrafts)

Projections as per their 1Q Results Report (for the end of year):
2005 - 40 planes 2006 - 46 planes 2007 - 54 planes 2008 - 62 planes
2009 - 70 planes.

Note that GOL already keep a strong schedulle on southeast and south. New planes will probably take them to other cities far from São Paulo, Rio and Brasilia. They have a strong market share only because they keep several flights at CGH-SDU, CGH-CNF, CGH-BSB, CGH-CWB, GIG-CNF. Lots of flights & many pax. Let's see how they improve it's schedulle with the 62 already authorized flights by DAC (12 are CGH-SDU where a single plane can easily transport up to 1.728 pax a day)

Rgds,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
erikwilliam
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 12, 2005 8:38 pm

Lipe really know his stuff.

Thx for the compliment and the complement to my post.

have a nice day.
Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
 
richierich
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RE: GOL Posts USD 50 Million 1Q Profit

Fri May 13, 2005 12:29 am

"GOL posts..."

I like it! Congrats to GOL. They are really doing very well!
None shall pass!!!!
 
PPVRA
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RE: GOL Posts USD 50 Million 1Q Profit

Fri May 13, 2005 2:07 am

Quoting LipeGIG (Reply 13):
Anyway, fantastic numbers for just 30 aircrafts ! Imagine with their own MR&O facility (at CNF) and with own planes !

Just thought of it: that's over USD 1.6 million per plane!!

Very nice indeed, congrats to them!

PPVRA
"If goods do not cross borders, soldiers will" - Frederic Bastiat
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Fri May 13, 2005 5:04 am

Quoting PPVRA (Reply 21):
Just thought of it: that's over USD 1.6 million per plane!!

GOL's results are AMAZING! Triple the amount of TAM's profit....

Rgs,
 
LipeGIG
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Joined: Tue May 03, 2005 7:33 am

RE: GOL Posts USD 50 Million 1Q Profit

Fri May 13, 2005 9:29 am

Quoting Hardiwv (Reply 22):
Quoting PPVRA (Reply 21):
Just thought of it: that's over USD 1.6 million per plane!!

GOL's results are AMAZING! Triple the amount of TAM's profit....

Rgs,

Agree, Agree & Agree.
Imagine USD 1.6 mm = USD 6.4 mm a year... How much does it cust a new
737-800 ? 45 mm ? In seven years they can buy a NEW plane! They are financing the new planes thru Eximbank ... now I understood how they convert options at each 2/3 months!
A little joke....
GOL = "Grande Originadora de Lucros" in Portuguese, the same as Grand Profit Originator

Regards,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
erikwilliam
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RE: GOL Posts USD 50 Million 1Q Profit

Fri May 13, 2005 9:03 pm

I really apreciate all of GOL job, they are doing great.
But the market has a limitation, unless they become the only player. I think GOL will grow strong for another 3-4 years, and then stay leveld. They are growing too fast, too hard, that can´t be forever. After a time, starts to get harder to get new places to fly, or places where they can offer such a new thing.
I don´t know, but that´s just me.

nice weekend U all.
Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Sat May 14, 2005 7:29 pm

Quoting Erikwilliam (Reply 24):
I think GOL will grow strong for another 3-4 years, and then stay leveld. They are growing too fast, too hard, that can´t be forever. After a time, starts to get harder to get new places to fly, or places where they can offer such a new thing.

If the Brazilian economy keeps growing at this pace, and its aviation industry is growing twice as much (note pax traffic increased more than 15% only in this 1Q), there is a lot, a lot of demand and market for GOL to continue its 50% annual growth. Note that the vast majority of Brazilians dont use airplanes. GOL's market is huge for Brazil alone, not to mentioned all other countries in the region.

Rgs,
 
N1120A
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RE: GOL Posts USD 50 Million 1Q Profit

Sat May 14, 2005 8:12 pm

Quoting LipeGIG (Reply 11):
Break-even (in terms of load factor): 51.3%

That is the amazing thing. A 51.3% BELF on a large jet???? GOL knows what they are doing.
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
 
EMB195ER
Posts: 253
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RE: GOL Posts USD 50 Million 1Q Profit

Sat May 14, 2005 9:47 pm

Bom dia folks!!!

Just would like to remind you, guys, that soon GOL will start facing some competition in the low cost sector. There are two new airlines starting flying They are BRA (www.voebra.com.br) and webjet (www.webjet.com.br)

BRA is a very traditional charter airline. I believe their papers to become a regular airline are in the final stage. Additionally, I've heard they request many flights from CGH.

They also said on the media they will keep the same price strutucture they have today (what means GRU - GIG will cost R$89,00 while the cheapest fare at GOL is R$99,00). When asked how they would manage to keep flying with such small fares they said they will use their travel agencies to generate more passengers.

It was also reported on the media that BRA is looking for the EMB190. It this come to be true, they will be the first operator of this metal in Brazil!  Smile

Webjet, on the other hand, will fly initially to GIG, GRU, BSB, and POA. Only top destinations. Don't know anything about their price structure yet.

Regarding GOL, someone said above they have a very agressive marketing because people think when they are flying GOL they are paying the lowest fare and this is completely true. I have one example:

Next weekend I will be flying CGH - LDB - CGH, leaving on the 20th and coming back on the 22nd. I will leave on Friday night and will be back on Sunday late afternoon. Perfect schedule, I would say. I am paying R$300,00 for this flight with airport fees already included and can accrue Fidelidade points.

If I were flying GOL, I would have to leave CGH Friday morning and come back Sunday morning to pay R$276,00 (with airport fees included). If I were flying at the same time that I am flying JJ, it would cost R$384,00 (airport fees included).

Bom fim de semana!!!

EMB195ER
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Sun May 15, 2005 4:27 am

About BRA: any statements about this airline has to come with caveats since they are known in Brazil for bad management and poor product. I clearly dont see BRA interfering in GOL's future growth. You cannot compare both airlines, GOL is an extremely well managed airline with a lot of financial resources (and a major international partner which has 20% in GOL's shares: ILC). In my opinion BRA will be yet another VASP...

Please dont compare an airline of the level and credibility of GOL with that "thing" called BRA...this really does not fit...

Quoting EMB195ER (Reply 27):
Next weekend I will be flying CGH - LDB - CGH, leaving on the 20th and coming back on the 22nd. I will leave on Friday night and will be back on Sunday late afternoon. Perfect schedule, I would say. I am paying R$300,00 for this flight with airport fees already included and can accrue Fidelidade points.

The LDB market is interesting because it was one of the destination which RG decided to withdraw after the end of the RG-JJ codeshare this month. So JJ got extra capacity on this specific route, and had to discount tickets, while GOL was already well established in LDB. RG decided to pull out of LDB, put kept one daily flight to neighbouring town MGF.

Rgs,
 
PPVRA
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Joined: Fri Nov 12, 2004 7:48 am

RE: GOL Posts USD 50 Million 1Q Profit

Sun May 15, 2005 4:44 am

Quoting EMB195ER (Reply 27):

It was also reported on the media that BRA is looking for the EMB190. It this come to be true, they will be the first operator of this metal in Brazil! Smile

Yes, I hear they are looking for about 20 of them! Would be soooo nice to see these planes flying everyday into/out of CGH, can't wait!!!!  Silly

Cheers,
PPVRA
"If goods do not cross borders, soldiers will" - Frederic Bastiat
 
EMB195ER
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RE: GOL Posts USD 50 Million 1Q Profit

Sun May 15, 2005 5:22 am

Hard,

JJ kept the same number of flights to LDB, that is, 3 daily flights doing the route CGH-LDB-CGR with A320, plus two daily flights (F100) doing LDB-CWB-GRU). These flights were operated even before the code-share.

Another point to consider is that GOL flights LDB are not convenient for those going to neigboring cities (my case). JJ flights are bar far more convenient.

Hard, I don't think BRA is that bad company. I am seeing some prejudice from you!!!  Smile

They have being flying as a chart airline for a long time. I even know people who is frequently flying with them and are satisfied with what they got.
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Mon May 16, 2005 5:20 pm

Quoting EMB195ER (Reply 30):
, I don't think BRA is that bad company

Good to hear positive remarks about BRA. But I know for sure that their management looks like "VP's Canhedo".

Quoting EMB195ER (Reply 30):
JJ kept the same number of flights to LDB

After its network reduction, which destinations in South Brazil are RG, JJ and G3 serving? (no codeshares with third airlines counted)

POA: JJ, RG, G3
CWB: JJ, RG, G3
FLN: JJ, RG, G3
IGU: JJ, RG, G3
NVT: JJ, RG, G3
JOI: JJ, RG, G3
LDB: JJ, G3
CXJ: JJ, RG, G3
MGF: RG, G3
XAP: RG

Did I miss anything? I assume RG is still the biggest operator in South Brazil, correct?

Rgs,
 
LipeGIG
Posts: 5050
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RE: GOL Posts USD 50 Million 1Q Profit

Tue May 17, 2005 12:44 pm

Quoting Hardiwv (Reply 31):
Did I miss anything? I assume RG is still the biggest operator in South Brazil, correct?

Dear Hardi,
It depends. Gol is bigger than JJ and RG at CWB. JJ and RG divides POA, JJ is bigger in FLS, RG is the king of IGU, NAV are divided into the three. Varig operates 737-500 for several routes, Gol uses its 737-700 and 800 (but some 300 too), Tam operates Fokker for NAV, JOI, and some other flights.
Due to the strong need of Sao Paulo (main destination for south connections), and as Varig is in need to divide operations for both CGH and GRU (bigger), G3 is somewhat mediocre at GRU and JJ is not so strong as RG in GRU, i can say:
Varig is bigger in south due to the GRU operations. But loose in terms of flights to CGH as it´s JJ big hub.
I will try to compare all operations and return to this question soonest.

Regards,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
hardiwv
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RE: GOL Posts USD 50 Million 1Q Profit

Thu May 19, 2005 10:06 pm

Quoting LipeGIG (Reply 32):
NAV are divided into the three

Felipe: thanks for the reply. Just one correction: RG is the king in NVT and JOI. They operate 4/5 daily B737s to these destinations, while G3 2 daily B73Gs and JJ 2/3 daily F-100s.

Rgs,
 
LipeGIG
Posts: 5050
Joined: Tue May 03, 2005 7:33 am

RE: GOL Posts USD 50 Million 1Q Profit

Sat May 21, 2005 9:23 am

Quoting Hardiwv (Reply 33):
Felipe: thanks for the reply. Just one correction: RG is the king in NVT and JOI. They operate 4/5 daily B737s to these destinations, while G3 2 daily B73Gs and JJ 2/3 daily F-100s.

Hardi you're correct. Thanks !

RG2750 CGH-NAV 09:01 737-500
RG2754 CGH-NAV 13:46 737-300
RG2756 GRU-NAV 18:30 737-500
RG2758 CGH-NAV 21:36 737-500

I don't understand the time for GRU-NAV as it does not allows connections.

Regards,
Felipe
New York + Rio de Janeiro = One of the best combinations !
 
hardiwv
Posts: 4341
Joined: Sat Oct 09, 2004 11:30 pm

RE: GOL Posts USD 50 Million 1Q Profit

Sat May 21, 2005 4:24 pm

Quoting LipeGIG (Reply 34):
I don't understand the time for GRU-NAV as it does not allows connections

I think it allows for domestic connections to many RG flights to NE Brazil. But I must admit that RG's flight schedule NVT-GRU is horrible.

Rgs,