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Brazil airline Gol swings to net loss in first quarter
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Brazil airline Gol swings to net loss in first quarter
May 14, 2024 6:20 AM

SAO PAULO, May 14 (Reuters) - Brazilian airline Gol

reported on Tuesday a first-quarter recurring net

loss of 130.2 million reais ($25.39 million), swinging into the

red after a 136.4 million-real net profit a year ago, mainly hit

by financial expenses.

Gol filed for Chapter 11 bankruptcy protection in the United

States in January as it struggles with a heavy debt load after a

fall in traffic due to the pandemic and delays in Boeing ( BA )

deliveries.

($1 = 5.1284 reais)

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