São Paulo-based low-cost carrier (LCC) GOL reported a 2017 second quarter net loss of BRL474.6 million ($144.2 million), reversed from a net profit of BRL252.5 million in 2Q 2016. The Brazilian LCC attributed the loss to foreign exchange and monetary variations in Brazil’s troubled economy, which fluctuated by over BRL1 billion between 2Q 2017 and 2Q 2016. GOL’s total BRL425.3 million in 2Q 2017 financial expenses contrasted markedly with the company’s ...

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