Brazil’s GOL reports $306 million net loss in 2013

Credit: Rob Finlayson
Brazilian low-cost carrier GOL posted a full-year 2013 net loss of BRL724.6 million ($306.4 million), cutting by more than half (52.1%) the BRL1.51 billion loss the airline posted in 2012. GOL’s 2013 revenue rose 10.5% to BRL8.95 billion as expenses fell 3.5% to BRL8.69 billion, producing an...

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