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 ...
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