Brazilian low-fare carrier Gol reported a 131.1 million reais ($53.1 million) net income for the first quarter ended March 31, up 44.6% over net income of R$90.7 million in the year-ago period, as its strong growth helped offset high fuel prices. "The addition of three aircraft, 88 new flight frequencies and two new destinations--Joao Pessoa and Petrolina--allowed Gol to increase its market share, reinforcing our 'virtous cycle,' which focuses on maintaining low costs, allowing us to offer ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.

Already registered? here.