Gol yesterday slightly lowered its financial outlook for the full year, citing "the recent problems with the air traffic in Brazil." The airline said "a higher number of delayed and cancelled flights" have "inhibited" traffic and lowered short-term demand, reducing projected 2006 net revenues to BRL4 billion ($1.85 billion) from the previously forecast BRL4.1 billion. Projected operating margin was lowered to 23% from 26%-28% while earnings per share decreased to BRL3.75-4.00 from BRL3.90-4.30.

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