São Paulo-based LCC GOL reported a BRL378.2 million ($114 million) net profit for 2017, a 65.7% drop from BRL1.1 billion in 2016 net income, as the company paid BRL547 million in deferred income taxes during the year. GOL’s full-year revenue totaled BRL10.6 billion, up 7.2% year-over-year (YOY) driven by a 3.6% increase in passenger traffic and 4.8% higher stage-lengths, despite a 7% rise in average airfares. Cargo and other revenue (including excess baggage fees) ...

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