São Paulo-based low-cost carrier GOL reported a full-year 2016 net profit of BRL1.1 billion ($338.5 million), reversing the airline’s BRL4.3 billion net loss in 2015. GOL reported full-year revenue of BRL 9.9 billion, up 0.9% from 2015 as operating expenses decreased 7.9% to BRL9.2 billion. The company reported BRL696.5 million in operating income for the year, reversing a BRL183.8 million operating loss in 2015. The airline’s operating margin (EBIT) for the year was ...

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