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 . . .