IBOV 206,220.24 ▲ 0.94% IPSA 11,024.22 ▲ 0.22% IPC MEX 64,851.89 ▲ 0.31% MERVAL 2,832,472 ▲ 0.30% COLCAP 2,525.90 ▼ 0.36% BVL PERÚ 60,766.81 ▼ 1.71% USD/BRL5.02▲ 0.03% USD/MXN18.16▲ 0.97% USD/CLP977.35▼ 0.18% USD/COP3,220▼ 0.59% USD/PEN3.43▼ 0.44% USD/ARS1,516▼ 0.10% USD/UYU40.15▲ 2.79% USD/PYG5,722▲ 1.00% USD/BOB11.77▲ 1.01% USD/DOP60.51▲ 0.51% USD/CRC450.81▲ 1.73% USD/GTQ7.64▲ 3.38% USD/HNL26.86▲ 0.86% USD/NIO36.62▲ 0.26% USD/VES873.46▼ 0.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.58% EUR/BRL5.63▲ 0.49% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,220.24 ▲ 0.94% IPSA 11,024.22 ▲ 0.22% IPC MEX 64,851.89 ▲ 0.31% MERVAL 2,832,472 ▲ 0.30% COLCAP 2,525.90 ▼ 0.36% BVL PERÚ 60,766.81 ▼ 1.71% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, October 9, 2026

Gol to Award Bonuses to Save Fuel: Daily

By · April 16, 2013 · 2 min read

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The second largest airline in Brazil, Gol, will give bonuses if its teams manage to save the company fuel by reducing flight times and delays, it has been revealed. The bonus program has been running since earlier this year in an attempt to counter losses of R$1.5 billion (US$749 million) suffered by the company in 2012.

Gol aims to cut its fuel bill by at least R$1.9 million every month, Rio de Janeiro, Brazil News
Gol aims to cut its fuel bill by at least R$1.9 million every month, photo by João Carlos Medau/Flickr Creative Commons License.
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

All members of the company’s flight teams – from pilots and cabin crew – are eligible for the bonuses, which will be shared between teams regardless of the route they are working on, to encourage teamwork across the company.

Pedro Scorza, Director of Operations at Gol, said that monthly calculations would be used to work out the amount of fuel saved and that just a minute or two saved on flights would count towards the savings.

Gol’s initial target was to save forty seconds on each flight, equating to 700 tonnes of aviation fuel a month or R$1.9 million (approximately US$950,000), but this has been beaten in both January and February.

The company’s eighteen suggestions for economizing on time and fuel vary from switching off one of the aircraft’s engines while taxiing to the runway and using manual brakes, to using “more direct routes” and “landing in the most direct way possible,” according to G1 News.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “US seizes 90 Cuba-bound fuel shipments worth US$2.8m”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Although some industry experts have suggested that the company’s fuel-saving strategy could lead to risks to passenger safety, neither Anac (Brazil’s National Civil Aviation Agency) nor Cenipa (Center for Aeronautical Accident Investigation and Prevention) have raised any concerns about the move.

R$820,000 is being put aside for each month that the targets are met, and the first bonuses are due to be paid in August. Gol is also reported to have re-evaluated the frequency of its flights to various destinations.

In March, Brazil’s major airlines joined forces to ask President Dilma Rousseff to reduce the price of kerosene in the country, as it was now accounting, on average, for 43 percent of ticket prices.

Read more (in Portuguese).

* The Rio Times Daily Updates feature is offered to help keep you up-to-date with important news as it happens.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.