São Paulo-based low-cost carrier GOL reported a net loss of BRL4.29 billion ($1.1 billion) in 2015, more than doubling its BRL1.12 billion net loss in 2014. GOL’s 2015 revenue was down 2.5% year-over-year (YOY) to BRL10.38 billion as operating expenses increased 4.2% YOY to BRL9.96 billion; the company posted a BRL183.8 million operating loss for the year, falling from a BRL 504.9 million operating profit in 2014. GOL posted a BRL1.13 billion net loss for the 2015 ...

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