São Paulo-based low-cost-carrier GOL reported a 2015 third-quarter net loss of BRL2.1 billion ($512 million), widened from a net loss of BRL245.1 million in the year-ago quarter. In a statement to shareholders, GOL CEO Paulo Sérgio Kakinoff said he attributed the loss to due to the depreciation of the real and the resulting exchange rate variation of liabilities in US dollars. Third-quarter net operating revenue increased 1.1% year-over-year to BRL2.49 billion as ...

Subscribe to Access this Entire Article

"GOL widens losses in 3Q; defers adding new 737s" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.