São Paulo-based low-cost carrier GOL reported a full-year net loss of BRL1.12 billion ($415.8 million) in 2014, widened from the airline’s BRL724.6 million net loss recorded in 2013. GOL’s 2014 revenue grew 12.4% year-over-year (YOY) to BRL10.07 billion and expenses increased 10% YOY to BRL9.56 billion; GOL’s operating profit for the year was BRL504.9 million, up 89.8% from 2013. “The annual net loss can be mainly explained by the devaluation of the real ...

Subscribe to Access this Entire Article

"Brazil’s GOL posts $416 million net loss for 2014" 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.