Brazilian low-cost carrier GOL posted a first-quarter net loss of BRL96.1 million ($43.4 million), widened from a net loss of BRL75.3 million in the year-ago quarter. First-quarter operating revenue was up 19.7% to BRL2.5 billion while expenses increased 18.5% to BRL2.35 billion, producing an operating income of BRL144.4 million, up 42.8% year-over-year. GOL said the operating results were “fueled by a new level of load factor, which reached a record 76%, which together with the ...

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