GOL reports 1Q net profit down on taxes; revenue up on higher demand

Credit: Rob Finlayson
São Paulo-based LCC GOL reported a BRL220.8 million ($66.8 million) net profit for the first quarter of 2018, down 6% from BRL234.9 million in 1Q 2017. The airline recorded BRL65.6 million in income tax payments for the quarter, contrasted with a BRL79.1 million income tax benefit the airline...

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