Revenue passenger kilometers or RPK at Gol Linhas in Aug 2015 declined 2% year over year to 3.1 billion. International RPK climbed 3.5% while domestic RPK declined 2.8%. Available seat kilometers (ASK) declined 0.3% year over year mainly due to the 0.6% fall in domestic capacity. On the international front, ASK improved 2.2%. Domestic load factor (percentage of filled seats) declined 170 basis points (bps) to 76.1%, while the metric improved 100 bps to 72.9% on the international front. In the first eight months of 2015, GOL’s consolidated RPK has improved 5.3% while capacity has been up 3%. Load factor improved to 78% from 76.3% with traffic growth outpacing the rise in capacity. Meanwhile, Moody’s Investors Service, the rating arm of Moody’s Corp., downgraded the company’s outlook to negative from positive in view of currency headwinds and weak domestic demand.