News for Gol Linhas Aereas Inteligentes S.a.
Mar 22 · 10:03:00 AM · Source: Company Press Release
GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL), Brazil, the largest low-cost and low-fare airline in Latin America, announced today the conclusion of the expansion work on its Aircraft Maintenance Center, in Confins (Minas Gerais), where the company carries out heavy airframe maintenance.
Between January and December 2009, Gol had 41.37% of the domestic and 13.40% of the international market share in terms of passengers/km in Brazil. The airline was established in 2000 and started operations on January 15, 2001.
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by Steve Wieczorek
Mar 12 · 2:07:00 PM · Source: Business Week
Gol Linhas Aereas Inteligentes SA, (NYSE:GOL), Brazil’s second-biggest airline, swung to a profit in the fourth quarter after one-time gains and an economic rebound that spurred travel, according to Business Week. Net income was 397.8 million reais ($225.5 million) in the three months ended December, compared with a restated 541.6 million reais loss a year earlier, Sao Paulo-based Gol said in a filing late yesterday.
Profit included one-time gains from foreign exchange and tax credits, Chief Executive Officer Constantino de Oliveira Jr. said on a conference call. Air travel rebounded as Latin America’s biggest economy expanded 2 percent in the quarter from the previous three months, the fastest pace in two years.
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by Steve Wieczorek
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