GOL 737-800. By Rob Finlayson Brazil’s GOL reported a second-quarter net loss of BRL$715.1 million ($353 million), widened from a BRL$358.7 million loss in the year-ago period. The airline said the results were due to “unfavorable macroeconomic scenario,” including “high fuel costs, depreciation of the Brazilian real against the US dollar, which has a direct impact on 55% of the company’s operating expenses.”  Net revenue rose ...

Subscribe to Access this Entire Article

"GOL 2Q loss widens to $353 million" 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.