Brazil airline Gol cuts outlook for 2019, 2020 after posting Q1 loss

Brazil’s largest airline Gol Linhas Aereas Inteligentes on Tuesday cut its earnings projections for 2019 and 2020 after posting a net loss of 32.3m reais ($8.20m) in Q1. Gol had previously told investors that the next two years would be a turnaround for the business, with high net income margins, after posting significant losses in recent quarters. <br/>