October 8, 2018 / 11:29 AM / a month ago

Brazil airline Gol reports drop in quarterly operating margin

SAO PAULO, Oct 8 (Reuters) - Brazilian airline Gol Linhas Aereas Inteligentes SA is likely to post an operating margin, or EBIT margin, of 5 to 5.5 percent in the third quarter, down 7 percentage points from the same period last year, the firm said on Monday.

In a securities filing previewing the firm’s quarterly results, Gold said operating cash flow in the quarter will likely come to 450 million reais ($117 million) to 500 million reais.

$1 = 3.84 reais Reporting by Gram Slattery

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