Gol followed up a highly profitable 2005 with a record quarterly performance, posting first-quarter 2006 net income of BRL179.9 million ($82.9 million), a 37.2% increase over a profit of BRL131.1 million in the year-ago period. The Brazilian LCC attributed its continued success to strict cost controls. "Gol remains committed to its virtuous cycle of maintaining low costs, allowing us to offer the lowest fares and achieve the highest load factors in the Brazilian market," CEO Constantino de ...

Subscribe to Access this Entire Article

"Gol posts record quarterly profit" 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.