Brazil’s GOL’s 2Q profit hit hard by exchange and monetary variations

Credit: Rob Finlayson
São Paulo-based low-cost carrier (LCC) GOL reported a 2017 second quarter net loss of BRL474.6 million ($144.2 million), reversed from a net profit of BRL252.5 million in 2Q 2016. The Brazilian LCC attributed the loss to foreign exchange and monetary variations in Brazil’s troubled economy, which...

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