The Brazilian airline GOL is growing aggressively in the last few months. The company has acquired a smaller regional carrier in MAP, has merged its fidelity program Smiles, and now has announced an additional order for 28 Boeing 737 MAX 8 for delivery from late 2022. We’ll try to explain why GOL is stepping on the pedal, despite not being back to profitability.
GOL is optimistic about the future
In 2021’s first half, GOL Linhas Aereas posted a US$414 million net loss, as was reported in its financial results. The company is not back on profitability like other regional peers, particularly Mexican carriers Volaris and Viva Aerobus.
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