Gol News Stories

GOL Adds Florida Destinations From November

October 23, 2018

Brazilian airline GOL is returning to the US market with flights to Miami and Orlando launching in November.

Gol First Quarter Profit Drops 70 Pct

May 10, 2017

Brazilian airline Gol’s first quarter net profit dropped almost 70 percent as it reacted to a weaker domestic environment by cutting capacity.

Gol Swings To Second Quarter Profit

August 16, 2016

Brazil's Gol posted a second quarter net profit of BRR309.5 million reais (USD$96.6 million) as it swung from a loss in the previous year.

Gol Swaps CFO, Adds Board Members

July 29, 2016

Brazilian airline Gol is bringing back the chief financial officer who took the company public and named two new board members amid a tough debt restructuring that has struggled to attract bondholders' cooperation.

Brazil To Push For End To Airline Foreign Ownership Cap

July 11, 2016

Brazil's interim government plans to remove foreign ownership limits on domestic airlines through a presidential decree or an act of Congress this year, Transportation Minister Mauricio Quintella said.

Gol Posts Profit On Currency, Aircraft Deals

May 12, 2016

Brazilian airline Gol posted its first quarterly profit in over four years as aircraft financing deals and a rebounding currency gave earnings a one-time lift.

Brazil May Allow Foreign Control Of Airlines

May 4, 2016

A Brazilian government led by Vice President Michel Temer would consider allowing foreign owners to acquire a controlling stake in local airlines, a close aide says.

Gol To Cut Capacity After Heavy Q4 Loss

March 30, 2016

Brazilian airline Gol reported a quarterly net loss of BRR1.130 billion reais (USD$311 million), 79 percent bigger than its loss a year earlier.

Brazil Raises Airline Foreign Ownership Limit

March 2, 2016

Brazil has lifted the legal limit on foreign ownership of local airlines to 49 percent, from 20 percent previously, opening the door to more help for troubled carriers.

Brazil Considers Raising Foreign Investment Limit On Airlines

February 29, 2016

Brazil plans to propose to Congress in the first half of the year an increase in the foreign ownership of local airlines, in a move to help the struggling sector.