Wednesday, May 9, 2007

Brazil airline Gol sees Varig's return to profit

(Reuters) - "The demand is there," Gol Chief Financial Officer Richard Lark said at a Wall Street investment conference on Wednesday. "We are seeing the lower-fare environment being rewarded with additional passengers."

Gol, the No. 2 Brazilian carrier behind TAM Linhas Aereas, is working to cut costs and reorganize Varig to bring it into profit.


Read more at Reuters.com Mergers News

No comments: