Gol and Varig parent Gol Linhas Aereas Inteligentes swung to a BRL1.39 billion ($606.7 million) loss in 2008 from a BRL272.3 million profit the prior year, but said it "continues to evaluate expansion opportunities" while approving a BRL203.5 million capital increase. Key culprits in the deficit were a 31.5% year-over-year increase in expenses and BRL757.5 million in foreign exchange losses. Revenue was up 29.7% to BRL6.41 billion and costs rose to BRL6.5 billion, producing an operating loss ...

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