GOL is currently projecting year-over-year capacity drop of 45% in 2020 (30% in 4Q20); it grounded 120 737s in late March and in April flew 7% of April 2019 schedule (expects 12% in May). It plans to return 18 737s to lessors in 2020 (can return 30 more in 2021-22) and is assessing additional fleet...

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