Brazilian LCC GOL Airlines, battered by higher fuel expenses and currency fluctuations, posted a steep third-quarter loss of BRL409 million ($110 million), reversed from a net income of BRL329.9 million in the year-ago quarter. The São Paulo-based carrier saw revenues climb 8.3% to BRL2.9 billion, while expenses jumped 15.6% to BRL2.7 billion. The company's operating income of BRL180.5 million was down 44% year-over-year (YOY). “This quarter was particularly challenging ...

Subscribe to Access this Entire Article

"Brazil’s GOL posts 3Q net loss on higher fuel costs, currency weakness " 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?

Already registered? Log in here.