The disruptions bedeviling the Brazilian air transport market proved to be too much for Gol during the first quarter, with the LCC reporting a BRL116.6 million ($57.3 million) profit that represented a 35.2% fall from earnings of BRL179.8 million in the first three months of 2006. Gol also lowered its full-year forecast to account for its acquisition of Varig. It touted its new service to Peru, 15-hr.-per-day utilization and declining unit costs, but said the bottom line could not overcome ...

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