Brazil airline Gol swings to net loss in first quarter

By Thomson Reuters May 14, 2024 | 7:54 AM

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.

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 deliveries.

($1 = 5.1284 reais)

(Reporting by Gabriel Araujo; Editing by Kirsten Donovan)