GOL reports a disappointing second quarter

Brazilian low-cost carrier Gol has reported a total net loss of R$3.9 billion ($713.3 million) during the second financial quarter of year. This is compared to a net profit of R$556 ($101.6 million) that was incurred during the same period of 2023. Gol reported a net revenue of R$3.93 billion ($718.7 million) during the second financial quarter of the year – a decrease of 5% when compared to the same period of 2023. The airline reported operating costs and expenses of R$3.6 billion ($658.4 million) during the quarter which equates to a decrease of 0.2% when compared to quarter two