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 ...

Subscribe to Access this Entire Article

"Air transport disruptions have heavy impact on Gol" 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?

Already registered? here.