Demand that outpaced capacity, floundering competition and effective cost and fuel management resulted in another good quarter for Gol, which finished the three months ended June 30 with a net income of BRL106.7 million ($48.8 million), an increase of 45.4% over the BRL73.4 million earned in the second quarter of 2005. "Through the addition of aircraft and flight frequencies during the quarter, Gol significantly increased its domestic market share [by 6 points to 35%] and further ...

Subscribe to Access this Entire Article

"Gol's 'virtuous cycle' continues with 45.4% profit increase" 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?

Already registered? here.