Brazil's ongoing ATC problems and costs associated with recently acquired Varig sunk Gol to a second quarter net loss of BRL35.4 million ($18.3 million), reversed from a profit of BRL73.4 million in the year-ago quarter. "Loss was driven by the incorporation of Varig's results [and] sub-optimal yields in the domestic market," Gol said. The carrier again revised down its full-year earnings forecast, projecting earnings per share of BRL3.00-BRL3.50, decreased from BRL3.70-BRL4.20 previously ...

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