Gol Linhas higher after traffic update

• Gol Linhas (NYSE:GOL +5.7%) announces seat capacity fell 22% Y/Y in July.
• The number of departures during the month fell 22.3%.
• Demand in the international market was down 18%.
• The carrier's domestic load factor was flat Y/Y at 84.3%, while the international market load factor declined 110 bps to 75.4%.
• Gol Linhas went down a path of drastically cutting capacity earlier this year in an effort to stem losses.
• Source: Press Release