Brazilian airline Gol Linhas (GOL -22.2%) makes a hard landing after stating in a filing it...

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

Brazilian airline Gol Linhas (GOL -22.2%) makes a hard landing after stating in a filing it expects 2011 EBIT growth of 1-4%, compared with a prior forecast of 6.5-20%. The company blames the lower forecast on higher fuel and co-pilot training costs. However, Gol is also slightly reducing its revenue guidance for the year.