SAO PAULO, Brazil, May 15 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes (Bovespa: GOLL4), Brazil's low-cost, low-fare airline, 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.
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, resulting in low maintenance, fuel and training costs, with high aircraft utilization and efficiency ratios. In addition, safe and reliable services, which stimulate GOL's brand recognition and customer satisfaction, allow GOL to have the best value proposition in the market. 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.
For more information, flight times and fares, visit http://www.voegol.com.br/ or call: +0300-789-2121 in Brazil, +0810-266-3131 in Argentina, +800-1001-21 in Bolivia, +0004-055-127 in Uruguay, +009-800-55-1-0007 in Paraguay and +55-11-2125-3200 in other countries.
CONTACT:
GOL Linhas Aereas Inteligentes S.A.
+011-55-11-5033-4393
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