GOL deepens net loss in 1Q; operating income rises dramatically

Credit: By Rob Finlayson
Brazil’s GOL posted a first-quarter net loss of BRL75.3 million ($37.2 million), worsened from a net loss of BRL41.4 million in the year-ago quarter. First-quarter operating revenue was down 3.8% to BRL2.08 billion while expenses dropped 8.2% to BRL1.98 billion, producing an operating income of...

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