Brazil’s GOL has reported a third-quarter net loss of R$309.4 million ($149.6 million), improved from an R$516.5 million net loss in the year-ago period.
GOL 737-800. By Rob Finlayson Brazil’s GOL has reported a third-quarter net loss of R$309.4 million ($149.6 million), improved from an R$516.5 million net loss in the year-ago period. The airline cited a 20% fuel increase, a new exchange rate level, an increase in airport fees and a slow pace of economy growth in Brazilas the main causes for the loss. Consolidated numbers include wholly owned subsidiary Webjet (ATW Daily News, Oct. 19, 2011). Revenues grew 7.8% to R$1.9 ...
Subscribe to Access this Entire Article
"GOL reports $149.6 million loss in 3Q" 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.
