Brazilian carrier Gol recorded a 12.7% rise year-over-year in total system traffic for the month of May.
The carrier's capacity grew 3.8%, resulting in a 5 percentage point increase in load factor to 63.9%.
Gol attributes its "responsible capacity increases" in May to adopting a strategy of "improving aircraft productivity". As part of that scheme Gol has returned two Boeing 767s, and is "reassessing the financial viability of all its routes", which included cutting flights to Bogota, Colombia.
The airline reported that traffic on domestic routes rose 12.3% year-over-year "mainly due to dynamic fare management, which encouraged domestic traffic during a typically low-season month". The carrier also cited new service and "trade agreements signed by the company with regional partners since May 2010" as a reason behind the traffic increase.
Gol's 12.3% rise in domestic traffic was paired with a 4.4% increase in capacity, resulting in a 4.4 percentage point year-over-year increase in load factor, to 63.2%.
When discussing domestic results Gol also noted, however, that "average yield fell by around 12% year-over-year", but it was "partially offset" by the increase in load factor.
Meanwhile, Gol's international traffic rose 16.7% year-over while capacity slid 2.6% year-over-year, resulting in a 9.9 point rise in load factor, to 59.8%.