Gol followed up a highly profitable 2005 with a record quarterly performance, posting first-quarter 2006 net income of BRL179.9 million ($82.9 million), a 37.2% increase over a profit of BRL131.1 million in the year-ago period. The Brazilian LCC attributed its continued success to strict cost controls. "Gol remains committed to its virtuous cycle of maintaining low costs, allowing us to offer the lowest fares and achieve the highest load factors in the Brazilian market," CEO Constantino de ...

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