Antonio Carradinha
Portfolio strategy, research analyst, growth at reasonable price

GOL Is Growing, But Remains Out Of Profits - Here's Why

As expected, the turnaround continues to provide GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) with a path of recovery. However, after 3 consecutive years of losses, the company has still failed to return to profits in the first quarter of 2014. The major risks faced by the company - jet fuel prices and US Dollar/Real exchange rate - continue to prevent the company's potential to translate into positive results. Nevertheless, since I started writing about the company three months ago its share price has risen - albeit with some volatility - from $4.10 to the last closing at $5.58. This denotes a reasonable investor confidence on GOL's growth which has been materialized primarily through corporate and international revenues, key...

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