Brazil’s GOL posts $416 million net loss for 2014

Credit: By Rob Finlayson
São Paulo-based low-cost carrier GOL reported a full-year net loss of BRL1.12 billion ($415.8 million) in 2014, widened from the airline’s BRL724.6 million net loss recorded in 2013. GOL’s 2014 revenue grew 12.4% year-over-year (YOY) to BRL10.07 billion and expenses increased 10% YOY to BRL9.56...

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