Airline

GOL SLASHES EARNINGS OUTLOOK DUE TO CAPACITY AND FUEL COSTS

  • Share this:
GOL SLASHES EARNINGS OUTLOOK DUE TO CAPACITY AND FUEL COSTS

Brazilian airline Gol Linhas Aereas (Gol) has lowered its outlook for 2011 operational margins as rising fuel and additional personnel costs impact earnings. In a securities filing, Gol slashed its operational margin to between 1 and 4%, from 6.5-to-10% previously. The airline grew its seat capacity...

Page content restricted for non-members!

Become a member!