Brazil airline Gol posts $27m net loss in January
Brazil airline Gol on Friday reported a net loss of 135m reais ($27m) for the month of January, in the first financial results put out by the company after it filed for bankruptcy in the United States earlier this year. In a securities filing, Gol said the data was preliminary and not audited, adding the numbers were part of a monthly report the company must release during the bankruptcy process. Gol's net revenue for the month came in at 1.98b reais, while its earnings before interest, taxes, depreciation and amortization stood at 682m reais. Its EBITDA margin for the month closed at 34%. Its net debt in the first month of the year was 20.21b reais, and cash and cash equivalents were at 2.15b reais. Gol is expected to release its Q4 earnings on March 28, according to its investors relations website.<br/>
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Brazil airline Gol posts $27m net loss in January
Brazil airline Gol on Friday reported a net loss of 135m reais ($27m) for the month of January, in the first financial results put out by the company after it filed for bankruptcy in the United States earlier this year. In a securities filing, Gol said the data was preliminary and not audited, adding the numbers were part of a monthly report the company must release during the bankruptcy process. Gol's net revenue for the month came in at 1.98b reais, while its earnings before interest, taxes, depreciation and amortization stood at 682m reais. Its EBITDA margin for the month closed at 34%. Its net debt in the first month of the year was 20.21b reais, and cash and cash equivalents were at 2.15b reais. Gol is expected to release its Q4 earnings on March 28, according to its investors relations website.<br/>
