Gol’s second quarter loss widens to $221 million

Gol Transportes Aereos Boeing 737-8EH WL PR-GTF (msn 34279) (GOL 10 ANOS) CGH (Marcelo F. De Biasi) (10th Anniversary logojet), originally uploaded by Airliners Gallery.

Gol Linhas Aereas Inteligentes S. A. (Gol and VARIG) (Sao Paulo) posted a wider second-quarter loss as fuel costs surged and sales dropped.

The net loss expanded to 358.7 million reais ($221 million) in the second quarter ending on June 30, from 51.9 million reais a year earlier.

Read the full report from Bloomberg Businessweek: CLICK HERE

Gol Slide Show: CLICK HERE

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This entry was posted in Gol Transportes Aereos, VARIG (2nd) and tagged Gol Linhas Aereas, Gol Transportes Aereos, VARIG (2nd) on August 15, 2011 by Bruce Drum.

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