GOL expects double-digit operating margin, domestic growth in 2011; yield and CASK to remain stable
GOL, Brazil’s largest airline by market value and the nation’s largest LCC, stated it expects to report another year of double-digit operating margins in 2011, of between 11.5% and 14.5%, following an anticipated operating margin of 10 to 13% in 2010. Yields and CASK are expected to remain stable in relation to 2010 levels while passenger numbers are expected to reach up to 36 million with an average load factor of around 70% in 2011.
