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While Avianca Brasil is in Deep Trouble, GOL Keeps Thriving and Prospering

By Contributing Reporter

RIO DE JANEIRO, BRAZIL - GOL Linhas Aéreas Inteligentes, Brazil's premier airline, announces its consolidated results for the first quarter of 2019 (1Q19).

The combination of higher demand and optimized pricing resulted in net revenue for the quarter of R$3.2 (US$0.8) billion, the highest ever recorded by the Company, an increase of 8.3 percent compared to 1Q18.

Due to increased cost control and management of capacity and yields, the Company achieved a positive operating result for the 11th consecutive quarter, despite a 16.2 percent average depreciation of the Real against . . .

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