Gol, which operates the LCC of the same name and Varig, issued a revised full-year guidance Friday indicating a significant decline in projected earnings due to "flight network alterations and higher fuel prices." Full-year revenue is expected to be BRL5.2-BRL5.4 billion ($2.83-$2.94 billion), down from the previously forecast BRL5.5-BRL5.7 billion, while load factor is expected to fall to 64%-66% from 68%-70%. As a result, operating margin should drop to 7%-11% from the previous guidance of ...

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