Air Transport World

Gol.(LATIN AMERICA/CARIBBEAN Report)(financial news)(Financial report)(Brief article)

Gol lost BRL3.5 million ($2.1 million) in the first quarter, reversed from a profit of BRL116.6 million in the year-ago period, as last year's acquisition of Varig and its subsequent integration with Gol weighed heavily. Revenue rose 54.3% to BRL1.61 billion, reflecting the inclusion of Varig in 2007 results. Expenses climbed 77.7% to BRL1.63 billion, producing an operating loss of BRL21. …

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