Brazil airline Gol reports drop in quarterly operating margin

Posted By Tony Sanchez / October 8, 2018 / Airlines / 0 Comments

October 8, 2018

Brazilian airline Gol Linhas Aereas Inteligentes SA is likely to post an operating margin, or EBIT margin, of 5 to 5.5 percent in the third quarter, down 7 percentage points from the same period last year, the firm said on Monday.

In a securities filing previewing the firm’s quarterly results, Gold said operating cash flow in the quarter will likely come to 450 million reais ($117 million) to 500 million reais.

Source: (Reuters)

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