Brazil airline Gol says first quarter will be worse than expected due to pandemic second wave

Gol's less optimistic outlook is just the latest sign that Brazil's second coronavirus wave is negatively affecting the this industry as health restrictions hamper travel demand.

RIO DE JANEIRO, BRAZIL - Gol Linhas Aéreas Inteligentes on Thursday, March 18th, said it was revising downward its outlook for early 2021, suggesting the pandemic's second wave in Brazil is having significant negative impact on the air travel market.

While Gol had expected that Q1 revenue would come in at R$2.4 billion (US$429.72 million), it is now forecast to only total R$1.7 billion. The new revenue estimate represents just 52% of a pre-pandemic levels, down by two-thirds.

Gol, Brazil's largest airline, reported a modest profit of R$16.8 . . .

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