Gol reported first-quarter net income of BRL61.4 million ($29.1 million), reversed from a net loss of BRL20.5 million in the year-ago period, despite a 5.4% drop in revenue to BRL1.52 billion. The carrier said its profit resulted from lower fuel costs, "cost control and yield management" and synergies from Gol/Varig "operational consolidation" (ATWOnline, Oct. 13, 2008). Expenses lowered 9.2% to BRL1.41 billion and operating income more than doubled to BRL105.1 million from BRL49.2 million ...

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