Brazil’s GOL posts 3Q net loss on higher fuel costs, currency weakness
Credit: Rob Finlayson
Brazilian LCC GOL Airlines, battered by higher fuel expenses and currency fluctuations, posted a steep third-quarter loss of BRL409 million ($110 million), reversed from a net income of BRL329.9 million in the year-ago quarter. The São Paulo-based carrier saw revenues climb 8.3% to BRL2.9 billion...
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