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Brazil’s largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (GOL) reported passenger traffic for November 2010 in comparison with November 2009. Total traffic surged 5.4% with domestic traffic increasing 2.9% and International traffic up 27.2% year over year.

The prime reason for the significant increase in passenger traffic was the recovery in market conditions and particularly the emerging economies like Latin America. Secondly, domestic traffic was moved by the holidays in November and International traffic was influenced by the continuous increase in the frequency of flights to the existing high-demand markets and the addition of new routes in the Caribbean and Argentina.

Read the full story here.

Happy trading,

Curt