UPDATE 1-Brazil airline Gol eyes international routes to raise margins -paper [Reuters]
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
ir.voegol.com.br
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Source: Reuters
UPDATE 1-Brazil airline Gol eyes international routes to raise margins -paper | Reuters 2 Min Read (Adds information from newspaper interview with CEO) SAO PAULO, Oct 8 (Reuters) - Brazilian airline Gol Linhas Aereas Inteligentes SA is looking to boost its international business and reduce fuel consumption to counter a weak local currency and fuel prices that likely took a chunk out of its third-quarter margins. In an interview with Brazilian newspaper Valor Economico, Chief Executive Paulo Kakinoff said the carrier would increase the number of seats it offers internationally by 40 percent in 2019, while domestic seating would grow by only 3 percent. As part of that strategy, the company is betting on the Boeing 737 Max-8 long-range airplane, which consumes 15 percent less fuel than Gol’s current fleet, he said. Kakinoff’s comments came as the airline said in a Monday securities filing previewing quarterly results that it was likely to report an operating margin, or EBIT (earnings bef
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GOL
Earnings
- 7/28/23 - Beat
GOL
Sec Filings
- 1/26/24 - Form 6-K
- 1/26/24 - Form 6-K
- 1/26/24 - Form 6-K
- GOL's page on the SEC website