Brazil airline Gol posts smaller second-quarter loss
BRASILIA Aug 13 (Reuters) - Brazilian airline Gol Linhas Aereas SA posted a slimmer second-quarter loss than a year earlier as strong demand and a smaller network helped fill planes and lift prices.
Gol reported a quarterly loss of 145 million reais ($63.59 million), compared with a net loss of 433 million reais a year earlier, according to a securities filing on Wednesday.
The airline had been expected to post a net loss of 94 million reais, according to the average estimate of four analysts surveyed by Reuters.
Gol reported last month that passenger revenue per flight in the second quarter rose 27 percent from a year earlier as solid demand helped to fill planes and boost ticket prices. A pricing indicator known as yield rose 15 percent.
Earnings before interest, taxes, depreciation, amortization, and aircraft leasing an industry gauge of operating profit known as EBITDAR, rose 59.6 percent to 375 million reais, beating an average forecast of 338 million reais. (1 US dollar = 2.2802 Brazilian real) (Reporting by Alonso Soto; Editing by Bernard Orr)
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