Brazil airline Gol cutting capacity on weak demand
SAO PAULO, July 27 (Reuters) - Brazil's second biggest airline, Gol Linhas Aereas SA, is cutting capacity in the second half of 2015 by 1.6 percent from a year earlier due to weaker demand, executives said on a Monday conference call.
Brazil's biggest airline, the TAM division of regional heavyweight Latam Airlines Group SA said last week that it would reduce operations in the country by 8-10 percent due to a downturn in Latin America's largest economy. (Reporting by Alberto Alerigi Jr.; Editing by Meredith Mazzilli)
© Thomson Reuters 2017 All rights reserved.