Brazilian Airline Gol Cuts Losses by 48% Amid Bankruptcy Restructuring

Gol Linhas Aéreas Inteligentes S.A., Brazil’s major airline, slashed its monthly losses by nearly half in November 2024. The company reported a net loss of R$176 million ($29 million), down from R$338 million ($55 million) in October. This 48% reduction occurred while Gol navigated Chapter 11 bankruptcy protection. On January 6, 2025, Gol’s stock price […]