Brazil’s GOL posts $1.1 billion net loss in 2015

Credit: Rob Finlayson
São Paulo-based low-cost carrier GOL reported a net loss of BRL4.29 billion ($1.1 billion) in 2015, more than doubling its BRL1.12 billion net loss in 2014. GOL’s 2015 revenue was down 2.5% year-over-year (YOY) to BRL10.38 billion as operating expenses increased 4.2% YOY to BRL9.96 billion; the...

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