GOL 4Q 2011 income drops 40%; reports loss for full year
GOL 737-800. By Rob Finlayson Brazil’s GOL Linhas Aéreas Inteligentes reported a 2011 fourth-quarter net income of BRL$54.3 million ($29.9 million), down 40% from BRL$132 million in the year-ago period. Net revenue rose 19.5% to BRL$2.2 billion, but expenses increased 41% to BRL$2.27 billion...
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