Category Archives: VRG Linhas Aereas

Gol sinks to the red in the first quarter

GOL Linhas Aéreas Inteligentes S.A. (the parent of Gol Transportes Aereos and VARIG 2nd-VRG Linhas Aereas) (Sao Paulo) reported a first quarter net loss $21.5 million (R 41.4 million) versus a net profit of $69.4 million (R 36.1 million) in the same quarter a year ago.

Read the full report: CLICK HERE

Copyright Photo: Marcelo F. De Biasi.

Gol Slide Show: CLICK HERE

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Gol reports 2Q profit, reschedules 20 737NGs

Gol Linhas Inteligentes (Gol Transportes Aereos and VARIG (2nd)-VRG Linhas Aereas) (Sao Paulo) reported a second quarter profit of $192 million. The company has also reached agreement with Boeing to reschedule 20 737NG aircraft from 2010-2012 to 2010-2014. The last 737-300s will still be retired later this year.

Press release:

finance.yahoo.com/news/GOL-Announces-Net-Income-of-prnews-1919531964.html?x=0&.v=1

American and Gol move closer together

American Airlines (Dallas/Fort Worth) and Gol Linhas Aereas (Gol Transportes Aereos and VARIG (2nd)-VRG Linhas Aereas) (Sao Paulo) are moving closer together with new codeshare and frequent flyer agreements.

Press release details:

finance.yahoo.com/news/GOL-and-American-Airlines-prnews-3174868784.html?x=0&.v=92