Brazil airline Gol posts heavy 2018 loss
Gol Linhas Aereas Inteligentes, suffered a loss of BRL1.1b in 2018, the company said Thursday, though it generated net income of BRL580m (US$155.7m) in the final quarter. Losses were at the higher end of what was expected. Earlier this year, Gol told investors that losses could come in as much as 63% higher than previously forecast for the year, reaching up to $1.80 per share traded in the New York Stock Exchange. In the end losses came at $1.81 per share. The year has been difficult for Latin American airlines, as they battled weak emerging market currencies as well as high oil prices that only came down toward the tail end of the year. The airline is now forecasting 2019 will be a turnaround year and increased its expected earnings per share by 8% to between $1.3 and $1.5 per share. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-01/unaligned/brazil-airline-gol-posts-heavy-2018-loss
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Brazil airline Gol posts heavy 2018 loss
Gol Linhas Aereas Inteligentes, suffered a loss of BRL1.1b in 2018, the company said Thursday, though it generated net income of BRL580m (US$155.7m) in the final quarter. Losses were at the higher end of what was expected. Earlier this year, Gol told investors that losses could come in as much as 63% higher than previously forecast for the year, reaching up to $1.80 per share traded in the New York Stock Exchange. In the end losses came at $1.81 per share. The year has been difficult for Latin American airlines, as they battled weak emerging market currencies as well as high oil prices that only came down toward the tail end of the year. The airline is now forecasting 2019 will be a turnaround year and increased its expected earnings per share by 8% to between $1.3 and $1.5 per share. <br/>
