Gol and VRG parent Gol Linhas Aereas Inteligentes reported a second-quarter net loss of BRL171.7 million ($106.4 million), widened from a BRL35.4 million loss in the year-ago quarter, as it consolidated Gol and VRG's flight networks during the three-month period and contended with rising fuel costs. "Fuel prices reached record levels faster than fares could be adjusted, especially in a quarter where we were facing ramp-up of our new flight networks," the company said. President and CEO ...

Subscribe to Access this Entire Article

"Gol blames fuel costs, VRG consolidation for big second-quarter loss" 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.