GOL Passes the 20 Million Passenger Milestone.SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO, Brazil -- GOL GOL - General Operating Language. Subsystem of DOCUS. [Sammet 1969, p.678]. Linhas Aereas Inteligentes (NYSE NYSE See: New York Stock Exchange : GOL) (Bovespa: GOLL4), Brazil's low-fare, low-cost airline, passed the 20 million passenger milestone in August. Since the launch of operations in January 2001, the Company has been recording continuous and increasing growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. in both the number of passengers and aircraft efficiency. In 2002, GOL transported 4.8 million passengers, 232% more than in 2001 (2.1 million). Last year, 7.3 million passengers flew GOL and, in the first half of 2004, GOL has already transported 5.2 million passengers. Due to the acquisition of new airplanes, the launch of new routes - Porto Velho Pôrto Vel·ho A city of northwest Brazil on the Madeira River near the Bolivian border. Its economy is based on rubber and Brazil nuts. Population: 311,000. (RO) and Rio Branco Rio Branco, city (1996 pop. 228,907), capital of Acre state, NW Brazil, on the Acre River. Rubber and Brazil nuts are its chief products; there is also some farming. (AC) - and recent authorization for regular flights to Joinville (SC), Uberlandia (MG), Ribeirao Preto Ri·bei·rão Prê·to A city of southeast Brazil north-northwest of São Paulo. It is a processing center in an agricultural region. Population: 551,000. (SP) and Buenos Aires (Argentina), GOL expects more growth in passengers, load factor and market share. In July, GOL's aircraft utilization surpassed 14 block hours. "After only 3 years and 7 months of operations, reaching the milestone of 20 million passengers transported is a great accomplishment for GOL," commented Tarcisio Gargioni, Marketing and Services Vice-President. "In the early days, many thought we were crazy to create an airline without paper tickets or conventional catering and in-flight service. Today, we have demonstrated the efficiency of our business model. We have become an important player in the Brazilian industry," added Mr. Gargioni. About GOL Linhas Aereas Inteligentes GOL Linhas Aereas Inteligentes, a "low-cost, low-fare" airline, is one of the most profitable and fastest growing airlines in the industry worldwide. GOL operates a simplified fleet with a single-class of service. It also has one of the youngest and most modern fleets in the industry, leading to low maintenance, fuel and training costs, and therefore high aircraft utilization and efficiency ratios. Add to this safe and reliable service, stimulating GOL's brand recognition and customer satisfaction, and GOL has the best cost-benefit service in the market. GOL currently offers service to 31 major business and travel destinations in Brazil. In 2004, GOL plans to grow by increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. |
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