Gol, Brazil's second-largest airline, will cut 850 jobs and reduce its fleet size next year as a result of the closure of its Webjet subsidiary, the company said in a securities filing on Friday. Gol Linhas Aéreas will book an unspecified charge this quarter, according to the filing, adding that the size of that charge will be disclosed soon.Gol also plans to cut seats available for domestic flights by between 5 percent and 8 percent in the first half of next year "in a show of Gol's commitment towards the recovery of its operational margins and business sustainability," the filing said. Source: Reuters
Gravity always wins!