Brazilian airline GOL Linhas (GOL +2%) says it's taking a one-time impact charge of BRL140M...

|About: GOL Linhas Aéreas Inteligen... (GOL)|By:, SA News Editor

Brazilian airline GOL Linhas (GOL +2%) says it's taking a one-time impact charge of BRL140M ($70M) in Q4 due to the shutdown of recently acquired WebJet. The estimated costs are largely due to personnel costs and provisions for the return and maintenance of it's aircraft. At the end of last year, GOL said it was eliminating the WebJet brand, cutting 850 jobs and returnig 20 aircraft by the end of the first half of this year.