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