Gol Reports R$ 2.3 Billion First Quarter Losses, Despite Decent Operational Results

The company's shares dropped sharply in the Monday trading session, with investors still keeping an eye on the airline's measures amid the coronavirus.

RIO DE JANEIRO, BRAZIL - One of the companies most affected by Covid-19, as reflected in the performance of its shares in the year to date with a drop of approximately 70 percent, Gol (GOLL4) deferred the release of its financial statements for the first quarter of 2020, despite disclosing unaudited figures that provided very significant indications of the way the company is being impacted and how it has been tackling the pandemic.

The airline recorded an acute net loss of R$2.261 billion (US$452 million) compared to a net profit of R$35.2 million in the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?