Brazilian carrier Gol reported a 1.9 percentage point decrease in the overall load factor to 64% in February.
The carrier's passenger revenue per available seat kilometre (PRASK) increased 14% year-on-year.
System-wide passenger traffic declined 17.8%, while total capacity fell 15.3%.
Domestic traffic fell 20.3% while capacity was down 19.2%. The domestic passenger load factor slipped 0.9 percentage point to 64.9%.
International traffic grew 10.1% and capacity increased 29.7%. The international load factor decreased 10.2 percentage points to 57.3%.
Fuel prices in February climbed by 16% year-on-year.