GOL Broadens Capacity Cuts In 2013 In Effort To Revive Profits

Brazilian operator GOL Linhas Aereas Inteligentes expects increased capacity cuts this year will reverse two years of growing losses. The carrier posted a BRL1.5 billion ($750 million) net loss in 2012 despite a 7.5% rise in sales, double the deficit reported in 2011. During the carrier’s 2012...

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