Airline

Gol hit by FX hedging

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Gol hit by FX hedging

Gol Linhas Aereas posted a net loss in the first quarter that shocked many. The reason for the dip was losses from currency hedges which offset profitability gains from a year of cutting its payroll and flight network. Gol reported a net loss of 75 million reais ($37 million), from a loss of 41 mill...

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