Brazil’s GOL posts $112 million 2Q net loss; cuts 2H capacity up to 4%

Credit: Rob Finlayson
São Paulo-based low-cost-carrier GOL reported a second-quarter net loss of BRL354.9 million ($112.4 million). The result more than doubles its net loss of BRL145 million in the 2014 June quarter. GOL’s second-quarter revenue fell 10.5% year-over-year (YOY) to BRL2.13 billion as operating expenses...

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