Market Overview

Gol Posts Q2 Net Loss

Share:
Related GOL
Top Performing Industries For August 11, 2015
International Air Transport Association Lifts 2015 Global Airline Profit Forecast from $25B to $29.3B
Airline Stock Roundup: United Continental to Join S&P 500: Bankruptcy Imminent at Republic Airways? (Zacks)

Gol Linhas Aereas (NYSE: GOL) posted a net loss in the second quarter.

Gol posted a Q2 net loss of 805 million reais ($397 million), versus a year-ago loss of 358 million reais. However, analysts were expecting a loss of 292 million reais.

Gol's earnings before interest and taxes (EBIT) dropped to negative 355 million reais. Its earnings before interest, taxes, depreciation, amortization and aircraft leasing (EBITDAR) declined to negative 62 million reais, compared to analysts' estimates of negative 35 million reais.

Gol shares gained 1.87% to close at $5.45 yesterday.

Posted-In: lossEarnings News

 

Related Articles (GOL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters