• Categories
  • Archives

Brazil’s Gol Ranks Number One in Competitiveness

Brazilian Airlines Gol was named the most competitive airline of Latin America, according to rankings disclosed by AmericaEconomia Magazine.

In the general ranking, Gol ranked fourth out of all 100 companies included in the listing, which included several industries.

To elaborate the ranking, each company’s average Return on Assets (ROA) was calculated for the past three years. Each company’s results were compared with the average ROA of its respective industry.

Gol ranked first in the airline industry with its average ROA growing to 19.6%, while the industry recorded a drop in ROA of 0.6%.

"This recognition confirms the continued success of our business model. Our focus on maintaining low costs, offering affordable fares and popularizing air transportation throughout South America have allowed us to become a highly competitive global company," says Constantino de Oliveira Junior, President of Gol Linhas Aereas Inteligentes.

Gol is considered one of the most profitable and fastest growing airlines in the industry worldwide. It operates a simplified fleet with a single class of service. It also has one of the youngest and most modern fleets in the industry, resulting in low maintenance, fuel and training costs, with high aircraft utilization and efficiency ratios.

Gol currently offers over 500 daily flights to 50 major business and travel destinations in Brazil, Argentina, Bolivia, Paraguay and Uruguay. Gol growth plans include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. Gol shares are listed on the NYSE and the Bovespa.

Gol – www.voegol.com.br

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Total Exposure

The first test to see how the new law was holding worked fine. A ...

Brazil, Once Top Rubber Exporter, Now Imports 2/3 of the Rubber It Uses

Brazil may once again become a natural rubber exporter. According to the Brazilian Minister ...

Brazil’s Largest Sugar Company Sells 33% of Its Exports to Arabs

Brazil's sugar and alcohol company Copersucar ships 33% of its sugar exports to the ...

WEG, Brazilian Engine Maker Multinational, to Boost Exports by 40%

WEG, a Brazilian multinational that is the largest producer of electric engines in Latin ...

The Lula Factor in Brazil’s Good Tides

Who are the Brazilians to thank for this sudden surge in economic activity? Cabinet ...

Gang Shoots and Wounds Brazilian Soldiers in Haiti

Four members of the Brazilian Peace Force Brigade in Haiti were wounded last week ...

Brazilian Indian Chief Spared Jail for 2002 Murder

Brazil’s Higher Court of Justice (STJ) on June 29 allowed the chief of the ...

Brazil Leather Exports Grow 42% Thanks to Italy, China and US

Leather exports from Brazil totaled US$ 104.41 million in January, representing growth of 42% ...

Exports Help Brazil’s Petrobras Reach New Record High

Petrobras, the state-controlled Brazilian oil company, hit a record high oil processing level in ...

Stimulus Package: Brazil Gets US$ 4.2 Bi to Buy from Ambulances to Missile Launchers

Faced with a sluggish economy, the Brazilian government announced the expansion of the Accelerated ...