GOL widens 2012 loss to $787 million

Credit: By Rob Finlayson
Brazil’s GOL has reported a 2012 full-year net loss of BRL1.58 billion ($787 million), widened 58.4% from a BRL1 billion net loss in 2011. Fourth-quarter net loss was BRL$447.1 million, reversed from a net profit of BRL54.3 million in the year-ago period. Full-year net revenue was BRL8.1 billion, up...

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