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Brazil airline Gol swings to net loss in first quarter

Published 05/14/2024, 08:54 AM
Updated 05/14/2024, 08:58 AM
© Reuters. FILE PHOTO: A Boeing 737-700 airplane of Brazilian airlines GOL Linhas Aereas prepares to land at Santos Dumont airport in Rio de Janeiro, Brazil March 21, 2019. REUTERS/Sergio Moraes/File Photo
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SAO PAULO (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.

© Reuters. FILE PHOTO: A Boeing 737-700 airplane of Brazilian airlines GOL Linhas Aereas prepares to land at Santos Dumont airport in Rio de Janeiro, Brazil March 21, 2019. REUTERS/Sergio Moraes/File Photo

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 (NYSE:BA) deliveries.

($1 = 5.1284 reais)

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