Gol News Stories

Gol Posts Deeper Loss On Currency Hedge

May 14, 2013

Brazilian airline Gol posted a bigger net loss in the first quarter than a year earlier, as losses from currency hedges offset profitability gains from a year of cutting its payroll and flight network.
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GOL And Delta Extend Codeshare

May 9, 2013

Brazilian airline Gol and US partner Delta Air Lines said on Thursday they were extending their codesharing agreement to Delta's flights between the United States and Brazil.
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Gol Shares Jump As Investor Supports Smiles IPO

April 8, 2013

Shares of Brazilian airline Gol posted their biggest intraday gain in a month on Monday as buyout firm General Atlantic pledged to invest BRR400 million reais (USD$202 million) in the initial public offering of its Smiles customer loyalty unit.
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Brazil Mulls Extending Aid To Airlines

April 5, 2013

The Brazilian government is considering extending aid to the country's beleaguered aviation sector, where airlines have been battling weak demand, rising costs and infrastructure problems, the country's civil aviation minister said on Friday.
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Gol To Cut Flights After Q4 Loss

March 26, 2013

Brazilian airline Gol may continue cutting domestic flights into 2014, chief executive Paulo Kakinoff told journalists on a Tuesday call to discuss fourth-quarter earnings.
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Gol To Take USD$70 Mln Webjet Hit

February 5, 2013

Gol, Brazil's number two airline, said it would take a BRR140 million reais (USD$70 million) one-off charge for non-recurring expenses in the company's fourth-quarter results related to the shutdown of its subsidiary Webjet.
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Gol Sees Profitability Rebound In 2013

December 7, 2012

Brazilian airline Gol expects profit margins to recover in 2013 after cutting available flights and closing operations of its Webjet subsidiary, executives told analysts and investors.
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Gol To Cut 850 Jobs, Reduce Fleet Size

November 23, 2012

Gol, Brazil's second-largest airline, will cut 850 jobs and reduce its fleet size next year as a result of the closure of its Webjet subsidiary, the company said in a securities filing on Friday.
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Gol Q3 Loss Deepens On Fuel Costs

November 14, 2012

Brazilian airline Gol posted a third-quarter net loss of BRR309 million reais (USD$150 million) as softer domestic demand and high fuel prices led to a deeper operating loss.
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Brazil Upholds US Pilots' Convictions

October 16, 2012

A Brazilian federal court on Monday upheld the conviction of two US pilots for their role in Brazil's second-worst airline disaster, a 2006 midair collision over the Amazon in which 154 people died.
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Gol's Pax Yield Falls In September

October 15, 2012

Brazilian airline Gol said on Monday that its passenger yield fell about 4 percent in September from a year earlier even after it cut flights to restore profitability.
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