São Paulo-based low-cost carrier GOL posted BRL309.5 million ($94.2 million) net profit for the 2016 second quarter, reversing its 2Q 2015 BRL354.9 million net loss. Year-to-date, GOL reported half-year net profit of BRL1.07 billion, a turnaround from the airline’s BRL1.03 billion net loss in 1H 2015. GOL’s second-quarter revenue was BRL2.09 billion, down 2% year-over-year (YOY). Operating expenses fell 5% YOY to BRL2.26 billion. GOL reported a BRL17.4 million ...

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