São Paulo-based LCC GOL reported a BRL1.3 billion ($329.1 million) second-quarter 2018 net loss, deepened from a BRL409.5 million net loss a year ago, largely attributable to a steep 16% drop in the monetary exchange rate between the Brazilian real and the US dollar during the three-month period ended June 30. The fluctuation, from BRL3.3 per US dollar on March 31, to BRL 3.9 per US dollar on June 30, caused GOL to report exchange and monetary losses of BRL1 billion on ...

Subscribe to Access this Entire Article

"Brazil’s GOL posts 2Q net loss on currency depreciation" 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? Log in here.