Articles Tagged ‘GIG’

GOL forced to re-think network expansion strategy; abandons VRG’s European routes and long-haul 767s

Article Thumbnail: Base AnalysisNot so long ago GOL was generating operating margins of greater than 20% making it one of the world’s most profitable airlines. Last quarter its operating margin was minus 20%. How much of this is down to its acquisition of Varig and the mix of airline networks?