Gol Linhas announces November domestic supply down 16.9% GOL Linhas Aereas Inteligentes S.A. announces that domestic supply in November fell by 16.9% year over year. Domestic supply in November remained in line with GOL's strategy, falling by 16.9% year over year, chiefly driven by the reduction in Webjet's supply. The domestic load factor increased by 5% over November 2011. Demand fell by 9.9% in the same period. The company's international supply fell by 3.1% year over year. Demand edged down by 1.0%. The international load increased by 1.2% year over year.
GOL Linhas downgraded to Sell from Neutral at Goldman Goldman downgraded GOL Linhas to Sell based on expectations for a decline in yields, softer demand, weak currency, and increased capacity. Price target is $4.20.